The Future of Plastics is Uncertain

Major players in the oil industry predict that the demand for plastics will continue to grow exponentially in the coming decades, therefore allocating over 400 billion USD in new investments for petrochemical plants and equipment. However, legislation that aims to regulate plastic use and waste could jeopardise these plans and research indicates that the production of plastics may peak by 2027. The future of plastics has never been so uncertain.

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Source: Breaking the Plastic Wave report (EPA, CREA, WHO, UNEP, Carbon Tracker estimates)

Plastic production continues to grow

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Production of plastics worldwide from 1950 to 2018 (in million metric tons). Source: Statista 2020

Oil producers betting big on plastics

The future of plastics is uncertain

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Key statistics on plastics. Source: Carbon Tracker

All about legislation

Euro-Mediterranean Center on #ClimateChange: integrated, multi-disciplinary and frontier research on climate science and policy.

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