Teysha Technologies ’s Post

With 24 days of formal negotiation between almost 200 countries completed, spread over meetings in Peru, France, Kenya and Canada, the fifth and final negotiation meeting about plastics is about to take place in Busan, South Korea. This is crunch time. Agreement must be found or the opportunity to take global action to tackle #plastic pollution might be lost. Climate negotiations at COP29 ended in a deal that mostly showed how far the world is from facing climate change’s real dangers. #ISCC #PLASTIC #SUSTAINABILITY #CIRCULARITY #CIRCULAR #ECONOMY #FEEDSTOCK

Will a 40% reduction in virgin plastics production by 2040 be enough for the plastic industry to stay within a <1.5°C carbon budget ❓ Our latest research commissioned by Environmental Investigation Agency shows that a global target to reduce virgin plastic production by 40% by 2040 relative to a 2025 baseline (The 40x40 goal) would be an important enabler for climate impact reduction for the plastics industry, but may not be enough to limit global warming to 1.5°C. We recommend: -       Increasing recycling ♻ -       Reducing demand ⬇ -       Value chain decarbonisation ⛓ -       A global reduction target 🎯 We’re proud to have compiled this important research launched at COP29 and hope it will support decision makers at the upcoming INC5 plastic treaty negotiations later this month have the information needed to make evidence based plans for managing plastic 💪 Check out the full report for yourself - link in comments 👇 #COP29 #PlasticTreaty #PlasticIndustry #PlasticProduction #PlasticWaste #40x40 #Sustainability #Environment #Report

Failure to agree binding commitments at COP29 in Baku, Azerbaijan was followed by an inability to agree a legally binding global treaty on terrestrial and marine plastic pollution in Busan, South Korea. There was better news from world leaders in reaching agreement on targets to accelerate action on antimicrobial resistance. Click below to read our November market commentary.  https://lnkd.in/g_3NRza9 #marketupdate #sustainableinvestment #antimicrobialresistance #AMR #climatechange #COP29 #carboncredit #plastic #plasticpollution #greenskills #greentalent

Impactful speech in Rio by UNEP-ED USG Andersen on the new G20 (Brazilian Presidency) Environment and Climate Declaration. ED highlighted the challenges of the triple planetary crises. Rapid and concrete action and multi-year planning by G20 is required across climate change, pollution and waste, protecting biodiversity, nature and land loss. ED encouraged by engagement to final negotiations on an instrument for ending plastic pollution. ...A ‘whole of society’ approach needs to be echoed by a ‘whole of G20’ approach to the environment...

The new G20 Environment and Climate Declaration acknowledges the G20’s responsibility for the majority of greenhouse gas emissions, resource use and waste generation. It also reaffirms their commitment to doing something about the resulting environmental challenges. The key now – as it is for every nation, every business and every investor – is to take these commitments and turn them into rapid and concrete action. G20 nations must dramatically increase financing for and investment in sustainable solutions. Decarbonize their economies at a far faster rate. Protect and restore their lands and nature, including by working with indigenous peoples. Tackle pollution of the air, land and water – starting with helping to deliver a strong instrument to end plastic pollution. My full statement to Ministers in Rio de Janeiro at the G20 Environment and Climate Ministerial Meeting: https://lnkd.in/d6R4G83V

After a year of difficult climate talks, is multilateralism still the best approach for environmental action? Is "minilateralism" an alternative? In 2024, talks to halt plastic pollution, protect biodiversity and end desertification all failed. Meanwhile, a deal at the COP29 summit left developing nations unhappy with the amount of money agreed upon to help them battle global warming and avoided mentioning the need to move away from fossil fuels. Global environmental agreements have never been simple. But political polarization, the growing influence of multinational corporations and strained government budgets have made countries less willing to compromise. “It has become increasingly more difficult to come to an agreement that is ambitious yet feasible and that will address the problem at hand,” Maria Ivanova, director of Northeastern University’s School of Public Policy and Urban Affairs told me. “Issues like climate change and plastic pollution are inherently systemic, cross-sectoral, and embedded in economic structures.” One way to kickstart more ambitious environmental agreements would be to trigger voting among countries instead of trying to reach consensus when negotiating deals, according to Panama’s Special Representative for Climate Change Juan Carlos Monterrey Gómez, who noted that many historical conventions were taken through a simple majority or two-thirds vote. Another alternative is for small groups of states and multi-sectoral coalitions to form alliances that address common priorities, according to Ivanova. “‘Minilateralism’ is emerging as an alternative or at least a complement to multilateralism,” she said. “They are more nimble and can create momentum for broader adoption of shared goals.” Read more about how global talks around climate and the environment fared in 2024 in my latest for Bloomberg Green through the gift link: https://lnkd.in/g6XwSNSx #multilateralism #minilateralism #climate #negotiations #plasticstreaty #biodiversity #desertification #drought #plasticpollution #COP29

Maria Ivanova discuss about the efecctivenes of Minilateralism and the role for environmental agreement. Maybe clustering countries and regions by similarities and not differences could be the pathway to finding global actions. Minilateralism is an approach to global governance that focuses on small, targeted alliances of countries or stakeholders to address specific challenges, such as climate change or plastic pollution. By involving fewer participants with shared priorities, it allows for faster decision-making, more flexible solutions, and the ability to pilot innovative policies that can later inform broader international agreements. While it offers efficiency and momentum, minilateralism can face challenges in inclusivity and accountability, making it a complementary strategy rather than a replacement for multilateral efforts. IPCC IPBES UN Environment Programme Chapter Zero Chile

Inger Andersen - “An ambitious agreement is the only way to end plastic pollution” Just before the #INC5 talks started this week, United Nations Secretary-General António Guterres joined ministers at #COP16Colombia and gave a clear call to action: we need a #PlasticsTreaty, one that is credible and just, to finally #BeatPlasticPollution. #ThePlasticPledge #inc5 #sustainability #environment #ocean

Yesterday was the Food, Agriculture and Water Day at COP29, and here’s our round-up of the key takeaways… 📣 Leaders at the G20 summit issued a joint statement reaffirming the goals of the Paris Agreement and that “just, equitable climate action must remain at the centre of the global agenda”. It is hoped that this boost from the G20 will encourage the final negotiations along. 📉 The UK, New Zealand and Colombia joined the International Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies (COFFIS), showing their support for the phasing out of fossil fuels. The coalition now has 16 member countries. ❌ More than 30 countries have endorsed the Declaration on Reducing Methane from Organic Waste. Research has found that food loss and waste accounts for 8-10% of annual greenhouse gas emissions. 💰Australia pledged A$50m to the global loss and damage fund; making it the sixth largest contributor. The loss and damage fund was established to support the most vulnerable nations in coping with the loss and damages they face due to climate change. Whilst this pledge was well received, it is worth remembering that Australia is one of the world’s largest exporters of fossil fuels. Want to stay up to date with all the key developments from this year’s event? Be sure to follow our daily updates blog for more detail: https://hubs.la/Q02YWZfv0 #ForOurPlanet #ClimateAction #ClimateSolutions #Sustainability #GreenerBusiness #COP29

The fifth session of the UN’s Intergovernmental Negotiating Committee on Plastic Pollution (𝐈𝐍𝐂-𝟓) aims to finalize a treaty addressing #plastic pollution, which significantly contributes to climate change. Plastics account for about 5% of global greenhouse gas emissions, mainly from production, and could consume half of the remaining carbon budget to limit warming to 1.5°C if unchecked. Key discussions include limiting production, which is heavily opposed by oil-producing nations due to plastics' reliance on fossil fuels. 👉https://buff.ly/4eNYYk1