In recent news US joined the Global Plastics Pact network led by the Ellen MacArthur Foundation. The network includes other national pacts (UK, France, Chile, Netherlands, South Africa, Portugal) and regional European Plastics Pact.
The network works towards a circular economy vision for plastics and is joined by governments and companies representing 20% of all plastic packaging produced worldwide.
In US there are more than 60 signatories that have set concrete targets as seen below
Circular economy plays a critical role in tackling climate change issues and it is good to see diverse stakeholders driving this vision. Furthermore financial institutions are joining the movement by financing the circular economy as announced in the latest report from Ellen MacArthur foundation (https://www.ellenmacarthurfoundation.org/news/leading-investment-managers-and-banks-back-the-circular-economy).
Define a list of plastic packaging to be designated as problematic or unnecessary by 2021, and take measures to eliminate them by 2025 Ensure all plastic packaging will be 100% reusable, recyclable or compostable by 2025 Undertake ambitious actions to effectively recycle or compost 50% of plastic packaging by 2025 Ensure the average proportion of recycled content or responsibly-sourced bio-based content in plastic packaging reaches 30% by 2025