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To invest in recycling plastics, embrace risk and watch where you divest: JBIC's Tadashi Maeda
Tadashi Maeda, governor of the Japan Bank for International Cooperation, believes there's huge potential for new technology to solve the global problem of plastic pollution via recycling. But to do so, he says companies should first be a bit less risk-averse with new ways of doing things, and don't rush to divest from countries that not only consume a lot of single-use plastics but also burn much coal like Indonesia or Vietnam.
Maeda spoke during the Sustainability Leaders Summit, a live GZERO event sponsored by Suntory. Watch the full discussion here.
"We just don't have time to mess around" on plastics pollution
Plastic pollution has caused a lot of damage to the environment — including a staggering loss of biodiversity that will soon affect humans. For Climate Bonds Initiative CEO Sean Kidney, the critical way to reverse this trend is to switch all production to biodegradable right now. "It's got to be everything, and we've got to do it fast. We just don't have time to mess around. There's been a lot of talk, a lot of talk for 10 years, not enough action. Whew. Time to change."