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Islamic Republic of Iran Broadcasting (IRIB): Alarms are sounding in Bahrain.According to Israeli media reports, sounds resembling missile launches were heard in Darab, Fars province, Iran.Market news: Federal Reserve Chairman Warsh told staff in a memo that he would engage in dialogue on Fed reform with a “clear eye” while adhering to the Fed’s best traditions.According to sources familiar with the matter, Broadcom (AVGO.O) has pledged the largest share of funding guarantees for Anthropic’s record-breaking microchip financing deal, reducing the debt costs of the $36 billion transaction.① Iran 1. Iran says repairs to damaged energy facilities are progressing faster than expected. 2. Explosions were heard on Qeshm Island in southern Iran. ② United States 1. US media reports a US pilot was shot down twice: once by friendly fire and once by an Iranian attack. 2. The US military claims to have attacked an Iranian oil tanker, rendering it unable to navigate. 3. US Central Command: Since imposing a blockade on all maritime traffic to and from Iranian ports on April 13, the US military has crippled six merchant ships and forced another 122 to change course. ③ Israel 1. Israeli Defense Minister Katz: If northern Israel is attacked again, strikes will be launched against the suburbs of Beirut, Lebanon. The US has "approved" the policy of striking the Beirut suburbs. 2. Israel clarifies reports of a phone call between Trump and Netanyahu. Trump did not comment on the imprisonment issue, nor did he claim that Netanyahu is hated globally. 3. Israeli Foreign Ministry: Despite yesterdays renewed ceasefire announcement, Hezbollah continues to violate the ceasefire agreement. Just last night, Hezbollah launched multiple missile and drone attacks from Lebanon into Israeli communities. 4. The Israeli Prime Minister vowed the Iranian regime would fall. 5. Netanyahu: Iran will not be allowed to threaten Israels survival. ④ Strait of Hormuz 1. Iranian media: Applications for passage permits to the Strait of Hormuz are now open. ⑤ Ceasefire negotiations 1. According to Irans Meh News Agency: Sources say Irans final text is still under discussion in Tehran and has not yet been responded to by the US. 2. Iranian media: Information exchange between Iran and the US has been interrupted for several days. 3. According to Israels i24News: Israeli and Lebanese officials are holding their fourth round of talks in Washington, D.C. 4. Rubio: The US and Iran are still talking, and it is uncertain when an agreement will be reached. 5. According to AFP: Hezbollah in Lebanon will not accept a "partial ceasefire" with Israel. 6. Trump demands a stronger commitment from Iran on the nuclear issue. 7. Trump: "The US and Iran stopped talking a few days ago" is fake news; dialogue between the two sides has been ongoing. ⑥ Other situations: 1. Bahrains Ministry of the Interior: Due to the current security tensions, citizens are prohibited from traveling to Iran and Iraq. 2. The UAE plans to build an oil product pipeline that bypasses the Strait of Hormuz.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.