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Climate Change – call for a united front

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“Nature bears long with those who wrong her. She is patient under abuse. But when abuse has gone too far, when the time of reckoning finally comes, she is equally slow to be appeased and to turn away her wrath”-Nathaniel H. Egleston

At the turn of the 20th century, amidst the deteriorating environmental conditions, Nathaniel Egleston –the second Chief of the US Division of Forestry – took to his guilty conscience, awakened by a then-murky threat to existence that loomed large and heavy, and took his woes to the public eye. Through his renowned article for the Harper’s magazine, titled “what we owe the trees”, Egleston expressed his concerns about the influence of the then-pioneering Industrial Revolution on both the landscape and demography. He saw what others could not – capitalism at the expense of survival, veiled in the guise of a better way of living. While humans marveled at the leaps and bound it made, the ‘almighty dollar’ took helm and Mother Nature took the fall. Trees gained superficial economic value, and lumber production became common parlance – money was rolling in the pockets like never before, and the dollar assumed divinity. People took and took whatever they wanted from mother nature without holding their end of the bargain – there was no give-and-take; just take. People had adopted what Egleston pointed out as a “freebooter style”, and he could see what everything was leading up to – humanity at a crossroads with nature. Reforestation was then alien a concept, and there was no sight of karmic justice. Nature did come to settle the bargain once or twice, but it did not awake the human conscience on a global scale. The infamous smog of 1952 capitalized on the remorse of industrialists, but after a series of repeated denials of the correlation between the deaths and the pollution that the coal stations emitted, prompted the British government to reconsider its energy mix and pass the world’s first “Clean Air Act”. But that was it for the rest of the world then, for money had to be made fast and economies had to be built. Profiteering became humanity’s best friend at the expense of the trees – our sincerest compadres. Common wisdom dictates that the value of something is not realized until it is gone, and the same applies to mother nature – trees slowly exacted its vengeance, and the world we lived in changed for the worse. We won the battle but slowly started losing the war without even knowing about it; or how Egleston subtly says:

“The trees are man’s best friends; but man has treated them as his enemies. The history of our race may be said to be the history of warfare upon the tree world. But while man has seemed to be the victor, his victories have brought upon him inevitable disasters”

Humans are creatures of habit – where threats to survival loom in, the conscience breaks free and humanity is pushed to a united front. Lands, weapons and bombs may have reigned supreme for a while, but no more – there’s a new kid on the block, and he is as ruthless and merciless as one can be. Even the monster under the bed falls pale in comparison to the nightmare of our own creation. Climate change – or perhaps more aptly, climate ‘breakdown’ – is the greatest challenge facing humanity in the twenty-first century.2020 bears witness to it – was the world not warned earlier about the impacts of messing with the environment, one of them being an outbreak of zoonotic vector-borne disease? Were red flags not raised on every medium possible (with even Netflix featuring an explanatory episode in its popular infotainment show, “Explained”, on the looming risks of the pandemic)?  Were they not raised high enough? Did we not hold our end of the bargain with nature? It is ironic for the very species that relies on the trees – for the oxygen to breathe in, for the fruits it bears for energy, for the by-products it expels for the profiteering we wag our tails around, and for regulating extreme temperatures that we face (to name a few) – to take it for granted. Did trees change course? No, but humans did. Egleston would be turning in his grave right about now.

So, what has exactly brought humanity to crossroads with nature? What has brought the need to fight for our survival? And the most important questions that one need to ask is: why is unanimity of support a forlorn dream? Why is climate modification not treated as an existential threat in various modicums of the social order? Rational questions with irrational directives, one must say.

“Taken as a whole, the range of published evidence indicates that the net damage costs of climate change are likely to be significant and to increase over time”

(IPCC)

The proof is truly in the pudding. People have started to notice. Glaciers have shrunk; ice caps on water bodies are breaking apart; water body levels are rising and getting warmer; temperature and weather patterns are exhibiting volatile aberrations; species are changing trajectories; the flora and fauna around are slowly counting its days; trees are flowering sooner than expected; agricultural yields are shrinking; water cycles are accelerated in an unhealthy discourse for its inhabitants; coral reefs are bleaching; marine and terrestrial ecosystems are on the brink of destruction; and the list goes on. By 2018, mean warming of about 1.2°C beyond preindustrial baseline has already caused unacceptable impacts, but it does not stop there. The demons are coming sooner than one predicted – as per WMO’s estimates, the mean increase of 1.5°C, expected by 2030, will be here earlier than expected (no more than in the following five years). There’s more – through 2024, nearly every region on Earth is predicted to be hotter than it has been in the “recent past”. The Arctic region will experience the most significant warming by then – it has already witnessed its ‘historic’ loss in ice caps in the year 2020. The Antarctic region will experience the most significant storms by then – something it does not usually bid hello to. Forget horror movies and folklores for the thrills and chills; we’ve set a stage for all the horrors to follow. The climate change models, unlike most models of differing purposes, have remained mostly accurate. The pandora’s box is slowly unravelling, and the wake-up call has never sounded more desperate than now.

“As climate model projections have matured, more signals have emerged from the noise of natural variability that allow for retrospective evaluation of other aspects of climate models — for instance, in Arctic sea ice and ocean heat content. But it’s the temperature trends that people still tend to focus on.”

(Gavin Schmidt)

It is true that temperatures and weather patterns are changing. But what does it mean for the survival of human life, exactly? Well, the more the world stockpiles on greenhouse gases in the atmosphere, the more we risk the depletion of the protective stratospheric ozone layer – 2020 bears witness to the historic deficit in ozone layer over the Antarctic region. The deficit that, in the preceding year, exhibited the lowest historic contraction ever has left everyone in a flurry of negative emotions, and that too in a year where anything and everything could happen. More harmful ultraviolet radiations (the B- and C- types) are able to easily penetrate all protective layers that the atmosphere harbors. This is where greenhouse gases add insult to injury –if any heat was meant to escape, the entrapment of carbon dioxide and nitrogen oxides, to name a few, will ensure that the lid remains tight. In effect, heat waves become common practice. More people are affected and pushed to the gallows with increasing prevalence of heat cramps and strokes. Rates of melanoma and cataracts cases keep jumping with every day we choose to turn a blind eye to mother nature. Children are resultantly born with genetic mutations. When the human body’s core temperature reaches the temperature of 38.5°C, an adult is exposed to a cascade of symptoms, and healthy organ functioning is, in due process, compromised. Living a healthy life has become a difficult and often dangerous task to fulfill.

“Climate change is not just an environmental issue; it is a technology, water, food, energy, [and] population issue. None of this happens in a vacuum”

(David W. Titley)

It takes on a toll on the produce that we eat and the water we drink to surviveon. With trees maturing faster than disposed, the fruits they bear do not necessarily possess the nutrients it ought to carry – in extreme cases, they bear no fruits at all. For the capitalist and profiteers, another perspective might run a chill down the spine: crop yields are falling. Forget biofuels if the crops are not enough to even feed a single person. For the consumers, it equates to undernutrition and malnutrition. Climate modifications will alter the trajectory of migration patterns of harmful insects and pests – the locust infestation (and the economic and social losses it carried with it) should come as no surprise at all for the inhabitants of Kenya, Somalia and some South-East Asian nations (Pakistan included). With an already-domineering situation of global poverty, undernourishment and malnutrition, the developing nations will take the first hit. They already have. Others will follow suit.

“The violence that exists in the human heart is also manifest in the symptoms of illness that we see in the Earth, the water, the air, and in living things”

(Pope Francis)

One of the many things that makes humans special from the rest of the animal kingdom is their diverse dietary needs – they rely not just on the fruits of our toil, but also on the flesh and produce of certain animals. While the continuity of various crops dangles on thin ice, the fate of animals (and the animal kingdom, as a whole) also hangs on a balance. Lands are riddled with increasing prevalence of droughts and depleting yields. Eutrophication is accelerating beyond control, and water bodies are deprived of the necessary conditions to regulate life within. In effect, habitats are altered or become inhabitable – the warming ocean bodies are already pushing schools of fish away from their original habitats. Migration carries with it the potential risk of an epidemic outbreak – the fresh wounds from the coronavirus outbreak should be enough to sum up the detriments of the latter. Adding fuel to the fire, the woes of water- and air-pollution are threatening to adulterate the food chain at large – clean water bodies, for instance,are be robbed of the purity and benefit it was meant to offer. The 1956 Minamata outbreak in Japan is as good an example as any.

Breathing nowadays feels like playing with fire – with an abundance of noxious and toxic gases present in the air we breathe, one improves the odds of physiological impairments and mortality. And with the increasing concentration of ozone and greenhouse gases, nature’s self-cleansing protocol is violated – the pollutants are unable to escape even the troposphere (our breathing space). Even in small quantities, this poisonous cocktail of gases poses an existential threat of grave repercussions. These gases silently pile up within the respiratory or circulatory systems, accumulating to the point where they are no more a drop of poison; rather, an ocean of it.

If the aforementioned fails to serve its purpose, then perhaps economic woes might titillate the conscience of the ‘dollar-guided’. Undeterred increments of temperature and climatic detriments would mean a drastically-abridged fertility of the lands that we rely on. Crops will fail to mature efficiently. The products do not command the same value as it used to. The swelling of droughts and siltation has made land unsuitable for any use, let alone agriculture or construction. The livelihoods of people dependent on such lands has gravely contracted, adding to the woes of different socio-economic classes within. Anomalous calamities – acid rains, storms and otherwise – are reigning supreme. Land is losing its value in more ways than just economic ones – the price tag means nothing if it can’t satiate the socioeconomic and necessitated value that it ought to deliver.

“There is one issue that will define the contours of this century more dramatically than any other, and that is the urgent threat of a changing climate”

(Barack Obama)

If something needs to be done, it needs to be done now rather than later. And as common wisdom dictates, if there is a will, there is a way – or better still, if there is a will, there is unity. The existential threat is real. There is no denying the harrowing climate statistics – humans tend to aberrate from the truth, but numbers do not lie. It is time to carry the mantle of change ourselves as well and face the looming threat with a cohesive front. Unity has helped generations, and its time the twenty-first century jumped leaps and bounds itself. The lives of the generations to follow depends on how we act today. Time for more Thunbergs and Gores.

“People need to stop financing denial of climate change”

(Al Gore)

For that to happen, an army needs to be raised. The curtains of ignorance must be removed from the field of sight of as many people as possible. Current technological capabilities make it possible to engage more people with facts and information, especially in the way that is understood by a specific person – there is no one-size-fits-all, and the gap between the knowing and otherwise must be mitigated through the way one understands. This is where a robust, rightly-guided and unbiased media takes the spot light – infomercials and public awareness programs must be tailored to local needs (or, rather, the needs of the viewers it hosts). Governmental and not-for-profit organizations of every country must invest the necessary resources – be it time, finance, human capital, and so on – to embark on educating its citizenry. With a plethora of media to capitalize on, this would not be difficult task.

“We must now agree on a binding review mechanism under international law, so that this century can credibly be called a ‘century of [decarbonization]”

(Angela Merkel)

Shiny enterprises and state-of-the-art legislations might look good on paper, but the entire exercise fails if one does not walk the talk – there is no point of a legislation without legally-binding commitments. The relative successes of the Kyoto Protocol are an example of the wonders compliance can do for the world (though one may argue against its efficacy and shortcomings). Moreover, there is no point for a nation to attend a Convention and sign an MEAjust for the sake of the ‘almighty vote-bank’ and leaving it unratified. Even more baffling is the curious case of advanced economies like the US and Canada rashly pulling out of ratified agreements like the Paris Accord – if the world leaders want to inspire and lead by example, they are not doing a very good job at it. Now is not the time of personal interests; mother nature does not discriminate between the rich and poor, white and dark, man and woman, the affluent and poor-struck, and so on. Its’s tongue is one and not bound by any language, and the message is one and same for all; when such is the case, shouldn’t our response follow suit?

“Be part of the solution, not the problem”

(Stephen R. Covey)

The next steps, on an individual and communal level, are self-explanatory – making amends with mother nature. The adulteration of the environment needs to be curbed. For such to happen, existing and prospective pollution-control policies must be undertaken. Carbon-reduction commitments must be expedited to the maximum possible. The fight against ozone-depleting substances must be won at all costs. Redundant and polluting technology and practices must be phased out – it is heartwarming to see a keen player like Pakistan taking big steps in alternating the traditional brick kilns with the modern-day zig zag kilns, or imposing sanctions on stubble-burning to combat the issue of smog and air pollution. If trees are meant to be cut down, the same (or more) must be given back to the Earth – afforestation and reforestation must become common practice (one is again reminded of Pakistan’s awe-inspiring ‘Billion Tree Tsunami’ project).Economic and social incentives must take root if one is to lure the affluent – tax incentives for adopting, or shifting to, green technology is a good start. Appropriate penalties must hold the miscreants at bay. Humanity’s reliance on fossil fuels in its energy mix must cease to exist. Renewable resources must be sought and exploited to the fullest.

It does not stop here. Municipal and household wastes must be properly disposed. Trash must end up in the correct bin. Vehicles should not emit noxious and unhealthy gases, for which battery-operated engines or green-tech (such as catalytic converters) should do the trick. Industries and pollution hotspots must be built far away from residential areas and water bodies. Emissions should be filtered for toxic gases – a plethora of scrubbers, electrostatic precipitators and filtering technologies are available. Sanctuaries must be built to preserve depleting flora and fauna species. Water bodies must be purified of any non-degradable and poisonous litter it harbors. And the list goes on and on.

“We have a single mission: to protect and hand on the planet to the next generation”

(Francois Hollande)

There is so much to do, but so little time to do everything. Climate change must be taken seriously. The time is past when humanity thought it could selfishly draw on exhaustible resources and do as it please. We all know now that Earthis not a commodity. The battle is lost, but the war is not over(yet). And while the damage has been done, it is not too late to make amends. The lives of our children and theirs hangs in the balance. Solutions to the crisis are within reach, but in order to capture them, we must take urgent action today across every level of society. In order to do so, we need to gather our brains and take helm of the battleground. Climate change has united mankind more than ever, and it’s a race against time and odds. No one says it better than Christine Legarde:

“It is a collective endeavor, it is collective accountability, and it may not be too late”

The debate is no more about the legitimacy of climate change. It is about whether we will live to tell the tales of our successes. Will we make history or become a part of it? The victor at the end of the war will surely know the answer to this.

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Green Planet

Promoting Green Finance in Qatar: Post-Pandemic Opportunities and Challenges

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The recent COVID-19 pandemic had significant implications for both national economies and the global financial system, in addition to hindering the achievement of the sustainable development goals agenda. The UNDP estimates global human development—a combination of education, health, and living standards—could fall this year for the first time since 1990, which highlights how the effects of the pandemic present both an enormous challenge and tremendous opportunities for reaching the 2030 Agenda and the Sustainable Development Goals (SDGs).

With the additional challenges arising from climate change, governments have committed to several policy measures which promote a green recovery to rebuild their economies, while benefiting the people and the planet. The Organisation for Economic Co-operation and Development (OECD) estimates that the public resources committed by governments to support a green recovery amount to at least USD 312 billion. These measures present tremendous opportunities for green finance in general, and Islamic green finance in particular, in the context of Muslim-majority countries.

The State of Qatar, in light of its National Vision 2030 and in order to enhance the diversification of its economy away from hydrocarbon, has taken several measures to mitigate climate change. These include increasing the use of solar energy to more than 20% of its energy mix by 2030, the optimal use of water, improving air quality, waste recycling, increasing green spaces, in addition to the country’s commitment to organizing the first “carbon neutral” tournament featuring the use of solar-powered stadiums and water and energy-saving cooling and lighting technology. The State is also a signatory of the Paris Agreement on Climate Change and supports a number of global initiatives in relation to climate change mitigation.

All these initiatives could be funded via green finance. In this regard, there are four global trends in the financial industry that the State of Qatar can leverage to promote green finance for green recovery:

Growth of SRI and ESG awareness:

Socially responsible investing (SRI) and environmental, social, and governance (ESG) investing are two of the fastest growing investing areas globally. Both are driven by the increasing awareness of social and environmental responsibility. According to the Global Sustainable Investment Alliance, global sustainable investment reached $30.7 trillion in the five major markets at the start of 2018, a 34 percent increase in two years. These include Europe, United States, Japan, Canada, Australia, and New Zealand. Developing green finance instruments and products can attract a growing SRI investor base that seeks to align social and environmental values with its investment portfolios.

Upward trend of Islamic Finance:

According to the Islamic Financial Services Board (IFSB), the total worth of the Islamic Financial Services Industry across its three main segments (banking, capital markets, and takaful) is estimated at $2.44 trillion in 2019, marking a year-on-year 11.4% growth in assets in US dollar terms. According to Thomson Reuters, the industry is projected to reach $3.8 trillion by 2022. Qatar is one of the global Islamic finance hubs with Islamic finance assets representing more than 20% of the local financial system’s assets. With the recent development of Islamic green finance, Qatar has the opportunity to position itself as a sustainable finance leader in the region by promoting synergies between Islamic and green finance growing markets.

Financial innovation for sustainability:

The United Nations Conference on Trade and Development (UNCTAD) highlights that achieving the Sustainable Development Goals (SDGs) will take between $5 and $7 trillion, with an investment gap in developing countries of about $2.5 trillion and the additional net investment required to implement renewable energy solutions standing at $ 1.4 trillion, or about $100 billion per year on average between 2016 and 2030, according to the International Renewable Energy Agency (IRENA). Mitigating this funding gap requires an engaged private sector to make green investments. That is why several green instruments and products were developed across the various segments of the financial industry. These include green retail banking products, including green loans and green mortgages, green corporate and investment products, green project finance, and green venture capital and private equity, as well as green capital market instruments, like green investment funds, green bonds, and sukuk.

Integration of sustainability objectives into national strategies:

Several governments around the world have integrated sustainability objectives and green finance roadmaps into their national strategies, either through a top-down approach, whereby green finance frameworks and taxonomies are harmonized at the country level (as with China), or via market-led collaborative actions. In addition, to overcome private sector investment barriers, such as high up-front costs, long investment timelines, and higher perceived risks, several countries have put in place incentives in the form of subsidies and tax exemptions. The State of Qatar can leverage these experiences through collaborations and partnerships to develop a unique green finance model in the region

Green Sukuk: A Fast Growing Market

Green sukuk is an innovative instrument for financing green infrastructure. It has the potential to become a new asset class targeting both Islamic and socially responsible investors.

Since the issuance of the first green sukuk in 2017 in Malaysia, the market has grown significantly, with twelve issuers in Indonesia, Malaysia, and the United Arab Emirates tapping the market, in addition to the Islamic Development Bank. About $7.6 billion in four currencies (EUR, IDR, MYR, and USD) was raised up to September 2020, with tenors ranging from two to 21 years. The amounts raised were allocated to green construction, energy efficiency, and clean transportation projects.

Promoting Green Finance in Qatar

Although the green finance market is still in an early stage of development in the country, the market has witnessed several initiatives by local institutions that might pave the way to the development of a more dynamic market. In September 2020, Qatar National Bank (QNB) issued the first ever green bond in Qatar, a $600 million tranche, under its MTN Program, with a maturity of five years under its established Green, Social, and Sustainability Bond Framework.

In addition, Qatar Stock Exchange (QSE) introduced an ESG Guidance in 2017 to assist listed companies wishing to incorporate ESG reporting into their existing reporting processes.

While Bond and sukuk issuance in Qatar reached $28 billion in 2019, the market is largely driven by government issuance and commercial banks for corporate issuances, with the exception of Ezdan Sukuk in 2016 and 2017. The development of green sukuk in the country with the enabling ecosystem could facilitate corporate sukuk issuance, thus enhancing market liquidity.

In conclusion, promoting a green recovery in line with the country’s economic diversification objectives and climate mitigation strategies will require the development of an enabling ecosystem for the development of green finance in Qatar. Developing a pipeline of bankable green projects at the country level, market awareness, and promoting synergies between Islamic and green finance will provide the basis for further innovation and policy action, such as green labels, frameworks, and incentives.

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2021 will be defined by the more long-term crisis facing humanity: Climate change

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Rather than low-tech and often unworkable solutions (reduced or no travel, mass vegan diets) governments are increasingly embracing technology to help us understand and influence the climate – rather than merely respond to it. This should become the norm for public authorities across the world.

China’s weather modification programme, for example, could be a lifeline for workable solutions to climate change globally. The technique, known as cloud-seeding, uses silver iodide and liquid nitrogen to thicken water droplets in the cloud, leading to increased rain or snowfall. 

The technology has been used to prevent droughts and regulate weather before major events, like in the run up to the 2008 Beijing Olympics

The Chinese cabinet has announced that its weather modification programme will cover half the country by 2025, with the aim to revitalize rural regions, restore ecosystems, minimize losses from natural disasters and redistribute water throughout the country.  

And China’s ambitious ‘Sky River’ programme could eventually divert 5 billion cubic meters of water annually across regions, which could protect millions of people from the effects of drought and water scarcity. 

Although critics have, without evidence, described these projects as ‘weaponization of the weather’, the humanitarian and development potential is huge. 

Necessity is the mother of invention, and this is truer than ever with regards to the climate. The world faces a climate-change induced water crisis, with 1.5 billion people affected globally. 

The UN predicts that at the current water usage levels, water scarcity could displace 700 million people by 2030. 

Carbon emissions are unlikely to be eliminated in high growth economies in regions like Asia, meaning that the world must develop a way to manage emissions’ effects on the climate. 

Whilst it is true that the basic solutions of eating less meat, cycling to work and cutting back on international flights can help to curb our carbon output in the long-run, it does nothing to help those who suffer from flooding or water scarcity today. 

Ultimately, technology is an essential part of the solution.

Big Tech is leading the charge in tackling climate change through the use of Big Data and machine learning. In November 2019, a group of data scientists published a paper entitled ‘Tackling Climate Change with Machine Learning’. The paper laid out 13 different applications of using machine learning to tackle the impacts of climate change. One such application was using machine-learning to predict extreme weather events. 

Such an application is already being put into action. For example, Bangladesh is one of the most flood-prone countries in the world; approximately 5 million people were negatively affected by flooding last year alone. In order to help combat this, Google teamed up with the Bangladesh Water Development Board and the Access to Information (a2i) Programme to develop a flood notification app that is approximately 90% accurate

The app, which is enabled by AI flooding simulation, provides the population with timely, updated, and critical information that can help users make informed decisions on the safety of their families and friends. 

The same technology has been used in both India and South Africa, and has the potential to save thousands of lives and livelihoods. It is these sorts of innovations that we must rely on to help those who are most vulnerable to the impact of climate change. 

It is not only cloud-seeding and weather prediction technologies that will provide humanity with a route out of its biggest existential threat. Breakthrough battery technology, green hydrogen, 5G-based smart grids and carbon-negative factories are set to become commonplace in our fight against rising CO2 levels. 

As a global society, we must set our political divisions and some critics’ technophobia aside, and step forward in a spirit of international collaboration.

Similarly to how the pandemic showed the need for united global action, climate change will do the same. And just as technology and science was a key part in how the pandemic was brought under control, climate change can only be addressed through tech-based solutions.

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The solution to marine plastic pollution is plural, and plastic offsetting is one of them

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Due to growing concerns around environmental protection, businesses, individuals and governments have been looking for solutions that can be largely implemented to close the tap on plastic pollution.

In the last five years, businesses have strengthened their Sustainability Approach to acknowledge the need to take responsibility for their plastic production and consumption.

If targets have been defined and strong policies followed them to ensure high recycling rates of plastic products, a problem remains. What is the solution for low-value non-recyclable plastics?

This is where plastic offsetting enters the scene. As a derivative of the Carbon Offsetting concept, where trees are planted or protected to capture CO2 emissions, Plastic offsetting also known as Plastic Neutralization, enables companies to take responsibility for their plastic footprint.

Put simply, neutralizing means funding the collection and treatment of plastic, equivalent to the plastic impact of the business. Therefore, giving it the opportunity to compensate for every ton of plastic it has produced by ensuring there is one ton less in the environment.

From linear to Circular Economy Itis also a breakthrough in our traditional model of production, the linear economy. By extending the producer responsibility (EPR), this concept allow to build the bridge that lead to the ideal model, the circular economy, where no waste remains.

This innovative solution brings with it diverse positive impact. To the environment, by protecting ecosystems from plastic pollution, reducing landfilling and CO2 emissions. A strong social impact, by local communities by empowering local communities with work and better incomes. But also businesses, by becoming more sustainable with the reduction of the plastic footprint and a strengthen corporate social responsibility.

TONTOTON, a Vietnamese company, based in Ho Chi Minh City has succeed to connect all stakeholders to create a new market for low-value non-recyclable post-consumer plastic, on the scheme of circular economy.

TONTOTON Plastic Neutralization Program

Following the idea that the informal sector achieve to collect and recycle large amount of plastic in poor waste management areas, Barak Ekshtein, director of TONTOTON decided to look closer to the problem. In fact, a study shows that ‘97% of plastic bottles were collected by informal waste pickers.

The problem therefore does not lie in the logistics but in the price. By giving a market price to non-recyclable plastic, it allows waste collectors to collect and treat waste and thus avoid plastic pollution.

TONTOTON currently works in Southern Vietnamese Islands, Hon Son and Phu Quoc, and has already few tons of low-value plastic waste. To do so, it collaborates with local waste-pickers and thus provide them better incomes. The program focuses on preventing ocean plastic by following the Ocean Bound Plastic Certification. Their activities are audited by a 3rd party control body, the internationally recognized company, Control Union.

To treat the waste, TONTOTON partners with a certified cement plant, through co-processing, to valorize waste as an alternative energy and raw material. “Our system can solve two issues. Plastic is made of fossil fuels and contains more energy than coal. Thus we can replace industrial coal consumption with non-recyclable plastic waste. The plastic will not end up in landfill or oceans, therefore reduce levels of coal consumption and thus also CO2 emissions.”, says Barak Ekshtein.

Businesses engaged in their program can claim plastic neutrality on the amount of plastic neutralized to share their sustainability efforts. Moreover, indicate it on their neutralized product by bearing the “Plastic Neutral Product” label.

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