Nations negotiate global treaty to reduce plastic waste with proposed tax on new plastic

Nations are currently negotiating a Global Plastic Treaty in Busan, South Korea, aimed at reducing plastic waste. A proposed measure includes a tax on new plastic to discourage overproduction, which has gained support from environmental groups and industry leaders. The treaty, which could be finalized by Sunday, seeks to implement binding measures for signatory countries. While some progress has been made on waste management and recycling, the contentious issue of capping plastic production remains unresolved, facing strong opposition from industry lobbyists. Plastic pollution is a growing crisis, with only 9% of the 7 billion tonnes of plastic waste recycled. Experts argue that a tax on new plastic could help reduce production and encourage investment in sustainable alternatives, but broader measures will also be necessary to address the issue effectively.