South Asia Ramps up Eco-Innovation to Curb Marine Plastic Pollution

WASHINGTON, June 8, 2020 – The World Bank, Parley for the Oceans, and the South Asia Cooperative Environment Programme (SACEP) launched today, on World Oceans Day, a $50 million regional project to help South Asia curb its marine plastic pollution and ramp up eco-innovation to reinvent plastic use and production. The agreement was signed virtually by Dr. Abas Basir, Director General of SACEP, Cyrill Gutsch, Founder and CEO of Parley, and Hartwig Schafer, World Bank Vice President for South Asia.

The Plastic free Rivers and Seas for South Asia project will help coordinate action and facilitate the region’s transition to a circular plastic economy by encouraging investments and greater collaboration between the public and private sectors and across countries. Since many of South Asia’s rivers and seas span across national boundaries, a regional approach is necessary to address plastic pollution that leaches into waterways and ends up into the ocean.

“South Asian countries can grow back stronger after the coronavirus fallout by charting a recovery path where conserving the environment, especially ocean life, is front and center,” said Hartwig Schafer. “By turning the tide on marine litter and plastic pollution, South Asia will improve the health outcomes and food security of its people and secure a more sustainable habitat for future generations.”  

Plastic waste that pollutes the land flows into rivers and ends up in oceans threatens development and has far-reaching economic, ecological, and health impacts.  South Asia is the third-largest contributor to global plastic waste, and unless action is taken, the region’s waste is estimated to double by 2050.

“In 2015, we presented the Parley AIR strategy to end marine plastic pollution at the United Nations in New York; What began as a vision, was transformed in partnership with the Government of Maldives and Adidas into a visible proof of concept,” said Cyrill Gutsch. “From today, in partnership with the World Bank and SACEP, we look forward to supporting scalable end-to-end solutions that will avoid, intercept and redesign plastic and drive a Material Revolution for the oceans.”

The project pioneers a partnership between the World Bank, Parley for the Oceans, and SACEP, a member-based regional organization mandated to address environmental issues, including marine plastic pollution. SACEP comprises all eight South Asian countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The project will support SACEP and its member-states drive innovation to reduce plastic pollution toward cleaner rivers, coasts, and seas across the region.

“This innovative partnership will foster greater collaboration among our eight South Asian member states to tackle the persistent plastic pollution problem in the region’s rivers and seas,” said Abas Basir. “On behalf of SACEP member-states, we appreciate the support of the World Bank and Parley for the Oceans in ramping up action to help solve this regional problem.”

The $50 million regional project includes a $37 million grant from the International Development Association, the World Bank concessional fund, and $13 million parallel financing from Parley for the Oceans. It also received support from the South Asia Water Initiative[1], a trust fund supported by the United Kingdom’s Department for International Development, Australia’s Department of Foreign Affairs, and Norway.

References

  1. ^ South Asia Water Initiative (www.worldbank.org)

Source URL: Read More
The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.

Acquire this Domain
You can acquire this site’s domain name! We have nurtured its online marketing value by systematically curating this site by the domain’s relevant keywords. Explore our content network – you can advertise on each or rent vs. buy the domain. [email protected] | Skype: TLDtraders | +1 (475) BUY-NAME (289 – 6263). Thousands search by this site’s exact keyword domain name! Most are sent here because search engines often love the keyword. This domain can be your 24/7 lead generator! If you own it, you could capture a large amount of online traffic for your niche. Stop wasting money on ads. Instead, buy this domain to gain a long-term marketing asset. If you can’t afford to buy then you can rent the domain.

About Us
We are Internet Investors, Developers, and Franchisers – operating a content network of several thousand sites while federating 100+ eCommerce and SaaS startups. With our proprietary “inverted incubation” model, we leverage a portfolio of $100M in valued domains to impact online trends, traffic, and transactions. We use robotic process automation, machine learning, and other proprietary approaches to power our content network. Contact us to learn how we can help you with your online marketing and/or site maintenance.

Share