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Full cycle: Investing for a circular economy
Society’s addiction to plastics is pushing the environment to the limit, but as Hermes’ Emma Berntman explains, behind the demonisation of plastic lies the need for a paradigm shift in the way we produce and consume goods – one which we can participate in as investors and consumers.
Despite the recent media focus on plastic as an environmental issue, its popularity as a raw material continues to rise. Half of the total amount of synthetic plastic resins and fibres ever manufactured have been produced in the past 13 years1. It’s estimated that production will increase by a further 40% over the next decade. According to the American Chemistry Council, since 20102 , $186 billion has been invested in new plastics manufacturing facilities in the US.
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