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French industrial production fell 0.1% month-on-month in May, compared with an expected decline of 0.4% and a revised figure of 0.3% for the previous month (originally 0.10%).Japans Government Pension Investment Fund (GPIF): For the fiscal year ending in March, its investment return rate was 16.47%, significantly higher than the 0.71% of the previous fiscal year.July 3rd - The "15th Five-Year Plan for Circular Economy Development" proposes to effectively streamline the waste recycling network, strengthen the refined collection of industrial waste, promote the standardized recycling of social waste, and specifically improve the recycling capacity of key waste categories. It also calls for vigorously promoting the upgrading of the circular economy industry, optimizing the industrial layout, accelerating the upgrading of technology and equipment, cultivating and expanding the circular economy service industry, and strengthening industry supervision measures. Furthermore, it emphasizes strengthening institutional and policy guarantees for the development of the circular economy, conducting in-depth publicity and guidance, and enhancing international cooperation in the circular economy.July 3rd - The "15th Five-Year Plan for Circular Economy Development" proposes to comprehensively solidify the foundation for waste reduction, widely promote green product design, deepen clean production in industries, and actively promote green consumption throughout society. It also calls for accelerating the improvement of resource utilization levels, focusing on the efficient recycling of industrial resources, deepening the ecological circular development of agriculture and forestry, vigorously promoting green construction throughout the entire engineering process, fully releasing the potential of traditional "urban mining" resources, and accelerating the addressing of shortcomings in the recycling of solid waste such as the "new three types" (referring to new types of waste). Furthermore, it emphasizes continuously expanding the scale of reuse, promoting the import and utilization of high-quality recycled raw materials from overseas, expanding the application scale of recycled materials, promoting high-level remanufacturing, and standardizing the development of the second-hand goods circulation and trading market.On July 3rd, Karen Manna, Senior Fixed Income Portfolio Manager at Federated Hermes, pointed out in a report that the most significant change in the fixed income market in the first half of 2026 is the resurgence of "inflation expectations." She stated that historically, geopolitical conflicts have triggered risk aversion, pushing up US Treasury prices and thus depressing yields. However, following the outbreak of the conflict in Iran, inflation concerns dominated the market, pushing up yields—especially in the short end of the yield curve. Therefore, market expectations have shifted dramatically; instead of anticipating more than two rate cuts as previously expected, the market is now discussing the possibility of one or even two rate hikes.

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.


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