The United Nations Environment Programme (UNEP) has published a report with recommendations to address the problem of plastic pollution globally, ahead of the international summit in Paris, where more than 175 countries have met (29 May-2 June in Paris) to reach a binding agreement on this issue before the end of 2024.
The report promotes sustainable production and consumption through a circular economy approach that looks at the entire life cycle of plastics. Compared to current consumption trends (which could double by 2040), the report estimates that plastic pollution could be reduced by 80% using existing technologies if countries and companies make profound changes in their policies and procedures, leading to economic benefits (over $4.5 trillion by 2040), environmental benefits (lower carbon emissions) and social benefits (reducing health damage). Three keys to creating a new circular economy for plastics:
The report calls for global solutions that encourage a more responsible use of plastic and a use that fosters the circular economy, for example, the use of plastic credits (inspired by carbon credits), or the application of taxes on plastic production to drive market transformation. In addition to economic benefits, the shift would generate new "green" jobs (the report estimates 700,000, mainly in low-income countries), and a reduction in social and environmental costs (apart from a reduction in greenhouse gas emissions).
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According to @McKinsey, banks must prepare for a new growth curve. Strategic precision —the ability to combine technology, capital discipline, and deep customer insight— will distinguish the leaders from the laggards.
According to Kristalina Georgeva IMF Managing Director, lifting growth requires three things: one, regulatory housecleaning to unleash private enterprise; two, deeper regional integration; and three, preparedness to harness AI.
According to The European House – Ambrosetti, the European Union has an opportunity to boost competitiveness and growth by simplifying regulatory and supervisory frameworks, particularly in the areas of sustainability and the financial sector.
According to Ramón Casilda Béjar, Spain, in today’s complex geopolitical landscape, has the opportunity to strengthen its role as a bridge and connecting country between Ibero-America and the European Union, revitalizing investment flows in both directions.
According to @ECB, in moments of acute stress, the public often turns to physical currency as a reliable store of value and a resilient means of payment, underscoring the crucial role it plays above and beyond everyday transactional convenience
According to Juan S. Mora-Sanguinetti, in Spain a 10% increase in regulatory volume leads to a 0.5% drop in employment in companies with fewer than 10 employees.
According to Hélène Rey “In a world where stablecoins, particularly those pegged to the dollar, become an important global payment tool, we must brace ourselves for substantial consequences”.
@judith_arnal proposes reforms for the EU to advance regulatory simplification, starting with consensus on its meaning, with competitiveness as a pillar, plus coordination mechanisms and a governance rethink.
According to @iee_org, Spain has one of the most demanding tax environments for businesses within the European and international context, which may have significant implications for competitiveness, foreign investment attraction, and business expansion.
According to Christine Lagarde for the euro to gain in status, Europe must take decisive steps by completing the single market, reducing regulatory burdens and building a robust capital markets union.
According to the Bank of Spain, in a context of strong growth in transactions and prices, the conditions under which new mortgage loans are granted currently show no signs of easing in lending standards.
McKinsey notes that European private capital is half the size of the U.S. and must play a key role in boosting competitiveness, by driving innovation, scaling firms, and mobilizing the investment needed to close the gap with other regions.