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Developing Alternatives to Plastic Payment Cards

Developing Alternatives to Plastic Payment Cards

Over six billion plastic payment cards are produced and shipped worldwide every year. These cards are quickly replacing cash payments because they are a more convenient and secure way of paying. These cards typically comprise several layers of PVC plastic, one of the most common forms of plastic. Each card will contain approximately 5 grams of plastic, weighing 15 000 tonnes. These cards are replaced on average every 3-4 years, and most are discarded into landfill.

Since 2018,Master card has been working to develop more sustainable card options for their cards and other card issuers. Some of these options include:

  • Recycled PVC plastic uses post-industrial waste to make the card. PVC recycling reduces the need for more oil extraction, which supports the creation of new PVC.
  • Polylactic Acid is a bio-sourced plastic produced from either corn or sugar starch. The cards can be industrially composted if they are collected and processed in the correct conditions.
  • Polyethylene Terraphlate contains no chlorine or styrene and is more widely recycled. PETG can be a step towards introducing full circularity.
  • Ocean-sourced cards are made from post-consumer plastic waste found in the ocean or from coastal areas.

Additionally, Mastercard has introduced its Sustainable Card Badge, part of its certification program to encourage the use of more sustainable materials in card manufacturing. The Badge is a card mark made available to qualified card manufacturers and issuers who reduce first-use PVC in plastic payment cards. Issuers will have access to an approved list of vendors and alternative sustainable materials found in the Mastercard Sustainable Materials Directory. This is the world’s first directory of sustainable card materials and information on where to source them. More than 60 financial institutions in more than a dozen countries worldwide have issued Mastercard cards made from approved recycled, recyclable and bio-sourced materials.

Mastercard is also exploring the end-of-life for payment card options, as most materials used in these cards cannot be composted or recycled efficiently. The contaminants, such as the chips and magnetic tape, still need to be addressed as they cannot be composted, separated, or removed in the recycling processes. The emergence of new chemical recycling techniques alongside the traditional mechanical processes makes this an emerging option for cards which will likely see further improvement over the coming years. Mastercard is invested in research regarding the chemical recycling of plastics to find ways they can contribute to a more circular economy.

Mastercard’s efforts will significantly reduce the need for plastic, especially as these cards continue to be manufactured each year. Although these cards are small, the impact can be huge, and it is important to reduce plastic use wherever we can.

 

 


 

 

Source Happy Eco News

Philippines’ BDO Unibank first blue bond gets US$100 million investment from IFC

Philippines’ BDO Unibank first blue bond gets US$100 million investment from IFC

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, is pouring US$100 million into BDO Unibank Inc’s blue bond, which aims to finance projects that will help tackle marine pollution in the Philippines.

The country is considered the third largest global contributor of ocean plastic, with an estimated 0.75 million metric tonnes of mismanaged waste entering the ocean every year, according to a World Bank study published in 2021.

The coastal blue economy is critical to the Philippines but is threatened by pollution, unsustainable fishing, rapid urbanisation, and the impact of climate change such as typhoons that drag tonnes of rubbish into seaside areas.

BDO Unibank Inc’s blue bond, the first of its kind in the country and a first for IFC in the East Asia Pacific region, is slated to raise money for projects such as water conservation, wastewater treatment, plastic recycling, sustainable tourism, fisheries, and sustainable seafood processing, the global development institution said in a statement on Friday.

“A blue bond instrument will be key to the nation’s growth trajectory. By supporting the first blue bond issuance in the country, IFC continues its tradition of supporting the development of capital markets through issuances of thematic bonds and mainstreaming climate finance in the banking sector”, said Jean-Marc Arbogast, IFC country manager for the Philippines.

“Moving forward, a robust blue economy will help create jobs and alleviate poverty while strengthening the marine ecosystem in the Philippines.”

IFC will also help BDO identify projects that can combat water stress with rapid urbanisation, as more than 3 million people in the Philippines rely on unsafe and unsustainable water sources and 7 million lack access to improved sanitation.

 

…A blue bond instrument will be key to the nation’s growth trajectory…a robust blue economy will help create jobs and alleviate poverty…

Jean-Marc Arbogast, country manager for the Philippines, International Finance Corporation

 

The bond will be issued under the International Capital Market Association (ICM’s) Green Bond Principle and IFC’s recently launched Blue Finance Guidelines, a blue-specific framework and metrics that monitor the use of proceeds and report on relevant impact.

“Marking our two-decade partnership, IFC’s investment will be key to helping BDO develop a Blue Finance Framework that will allow us to fund projects that support the country’s blue economy while establishing a new asset class in the Philippine debt market,” said Teresita Sy-Coson, chairperson of BDO Unibank, Inc.

Blue financing is emerging in Asia, with the IFC piloting the mechanism in China, India, Indonesia, and Thailand. Last year, multi-lateral lender Asian Development Bank issued its first ever dual-tranche blue bonds denominated in Australian and New Zealand dollars that will finance ocean-related projects in Asia and the Pacific.

The “blue economy”, which includes livelihoods and other economic benefits derived from oceans, is expected to reach US$3 trillion and employ 40 million people by 2030, giving it critical role in pivoting the global economic system towards regenerating ocean health, said the World Bank.

 


 

Source Eco Business

Ocean plastics: The ecological disaster of our time

Ocean plastics: The ecological disaster of our time

Did you know that of the 8 billion tons of plastic ever made, every single piece still exists?
(AAAS & Center for Biological Diversity)

Really take this in for a second….

Think about every toothbrush, every plastic razor, plastic bag or “disposable” water bottle, every straw, plastic cup…every shampoo bottle you’ve ever used.  Every. Single. One.  Now consider that with an estimated lifetime of at least 450 years, plastic will outlive you as well as your great-great-great-great-grandchildren.  At worst case – it will NEVER go away.  As both the human population and plastic production continue to increase, we are all living now in our own plastic waste.

If anything can attest to the issue of plastics – it is Earth’s oceans.  It is estimated that the ocean contains 5.25 trillion pieces of plastic while 99.9% of floating marine debris is plastic.  Much of this plastic is found in ocean gyres, massive surface currents that circulate in each of Earth’s major oceans.  Plastic gets funneled into theses currents where it collects, forming what scientists refer to as trash islands.  Currently, each ocean gyre contains its own island of trash.

 

 

While these plastic patches of marine debris are called garbage islands, this name can be misleading.  The term may conjure mental images of large floating structures, yet much plastic exists as nurdles, microplastics less than 5mm inches in size.  Nurdles form through photochemical reactions with sunlight, a process commonly referred to as dry rot and can be further broken down by wind and wave action.  Other plastics begin small, such as the microbeads found in many cosmetic items or plastic fibers found in our clothing and textiles.  These tiny plastics create what is commonly referred to as “plastic soup,” however larger plastics are found in the gyres as well including plastic containers, bottles, lids, rope, packaging, and discarded fishing equipment.

Perhaps the best known of these gyres is the Great Pacific Garbage Patch, currently measuring in at twice the size of Texas.  Like all plastic islands, the Pacific Garbage Patch is growing.  Recent findings suggest that Pacific plastic pollution is 16 times higher than previously reported and based on data collected by boats or air, is estimated to weigh a total of 80,000 tonnes.  As plastics revolve around the Pacific trash vortex, they entangle marine organisms or are consumed by them.

Plastic islands are only one observable aspect of ocean pollution, yet no square mile of ocean is free of plastic.  It is estimated that of all the ocean plastic, only 30% is found at the surface while the rest sinks to the ocean depths.

 

 

For animals that live in the ocean, these plastics are often detrimental.  Because plastics don’t break down, they remain intact in the bellies of the animals that consume them — leading to malnutrition and eventually starvation.  Plastic is the cause of death to one million seabirds worldwide while another 100,000 marine animals die due to starvation or entanglement in ocean plastics.

Regardless of your proximity to the sea, ocean plastics affect us all.  The ocean plays a vital role in the transport of heat and nutrients, controlling Earth’s climate and supporting our planet’s largest and most diverse ecosystems.  Ocean plankton produces 70% of Earth’s oxygen while nearly 3 billion people worldwide – almost half of the global population, rely on seafood for their primary source of protein. Furthermore, 10% of people globally rely on healthy fisheries for their livelihoods while the oceans contribute an estimated U$D1.5 trillion annually to the world’s economy.  The oceans are also a vital carbon sink, removing carbon dioxide from the atmosphere to reduce the impacts of global climate change.  Despite the oceans’ importance, plastic is projected to outweigh the fish in the ocean by 2050.

Ocean plastic should be of particular concern to those of us who enjoy seafood.  Microplastics or plastic fibers are often consumed by fish or shellfish before working their way up the food chain.  Scientists who study plastic pollution in shellfish claim “when you eat clams and oysters, you’re eating plastics as well” while several fish species are also expected to contain plastics.  Plastic releases numerous toxins such as bisphenol-A and phthalates, compounds are known to cause cancers and birth defects, impair immunity, and disrupt our bodies’ endocrine system.  Not only are plastics themselves harmful, but they also act like a sponge to ocean pollutants.  Toxic metalsdetergentspesticides, and other marine pollutants have also been found adsorbed on ocean plastics.

 

 

Ocean plastics are expected to increase up to 3 times their current amount by 2050 and while these projections sound stark, there are several things we can all do in order to reduce the issue.  Most ocean plastic, an estimated 80%, originates on land.  As land-dwellers, we all must do our best to decrease the amount of plastic entering our oceans.  This can be accomplished through recycling or better yet, just simply buying less plastic.

Reducing your plastic use can sound a tad overwhelming, but I am here to assure you that it is not only is it possible but relatively easy once in the habit!  Plastic is everywhere, consciously acknowledging this fact is half the battle. Once you become aware of your plastic use, it is much easier to decrease it.  Think about the plastic products you use on a normal basis and how you could use less.

When cutting plastic consumption, start by reducing your use of single-use plastics.  Single-use plastics are exactly what they sound like – plastics that are used only once then discarded.  Water bottles, straws, plastic bags, coffee cups, and plastic silverware are typical culprits, though nearly half of all plastic produced each year is considered “disposable”.  Thankfully, you can easily purchase sustainable products to replace these single-use plastics.  Considering the fact that the average plastic is typically only 12 minutes or that one million water bottles sold every minute, replacing these items with reusables can make a massive difference.  You can even buy reusable straws or silverware to prevent any unwanted single-use plastics.  Joining groups like the Plastic Pollution Coalition, the Green Education Foundation, or Plastic Free July can help to further educate and inspire on your path towards less plastic.

 

 

The fishing industry also plays a massive role in ocean plastics, and scientists were surprised to discover that, by weight, 46% of the plastics found in the Pacific Garbage Patch exist as or originate from discarded fishing gear.  Fishing gear is especially dangerous because it is specifically designed to capture and kill marine organisms.  To prevent the loss of fishing gear, a detrimental practice known as ghost fishing, support sustainable fisheries.  Seafood Watch, an organization of The Monterey Bay Aquarium has compiled a list of sustainable seafood species and partners, which can be found here.  Divers can also play a role by joining ghost fishing removal groups, like the Ghost Fishing Foundation.

So, what can you do to help? If you would like to contribute financially, our oceans would greatly appreciate it. We would recommend supporting Boyan Slat’s Ocean Cleanup. Boyan is the Elon Musk of marine sustainability. Since 18 years of age, he has gone to battle with the largest collection of ocean plastics on planet Earth: the Great Pacific Garbage patch. If you do not believe in the effectiveness of the NGO charity model (which is a belief that has valid points) – there are plenty of for-profit organizations that are saving the planet as a by-product of their business operations. The Brothers of iDiveblue like the concept behind 4Ocean– but if you have your doubts, we have written a review of the 4Ocean Initiative.

However, money is not the be-all and end-all. Many people want to help save our oceans but feel despondent because they just don’t have the money to donate. You can make a difference without money! How are you using Tupperware and shopping bags? What straws do you use? Do we even need straws? And what about your voice?

Perhaps one of the best things we can do is lead by example and educate others about the plastic problem.  Many are unaware of the detrimental impacts of single-use plastics and have genuinely never considered it.  Educate your friends and loved ones and don’t allow yourself to become discouraged!  Every small step makes a difference.  If we can all find one change to make it will have a serious impact on ocean plastics.

Plastic today is a serious but solvable issue.  Plastic has been detected in hundreds of food items, sea salt, beer, and in both bottled and tap water.  Toxins from these plastics have been found in our blood, and even breast milk.  Not only do these plastics harm us, but they also continue to have a detrimental effect on marine organisms and one of our greatest resources — the sea.  Furthermore, plastics are typically made from oil, a nonrenewable resource whose extraction is detrimental to the environment.  Currently, 8% of all oil is used for plastics and this number is expected to reach 20% by 2050. Plastics degrade our environment, consume valuable fossil fuels, and impact our health, but through personal action to reduce plastic use and educate others about the harmful consequences of plastics, we can all work towards a healthier and sustainable future.

 

 

REACH OUT

We always speak about ‘They’. They need to do something about the plastic problem. They need to stop overfishing. What They are doing to our oceans is simply unacceptable. But who are They?

The government? The government is an administrative body elected by the people. The government exists only to serve out the needs of those people. They is in fact our society, a collection of individuals. You are one of those individuals, and so am I. There is no They, there is only We, and We are all part of the problem. However, We can choose to be part of the solution instead. Sure, sometimes it feels like one individual has such a small chance of creating meaningful change – so why bother. But remember, if everyone had that mindset, there is 100% chance that nothing will change.

We only have one Earth. We can make a difference.

You have a Part to Play – join us in our fight against the Ecological Disaster of our Age.

 


 

By Laura Foley

Source: IDIVEBLUE

Using Artificial Intelligence to track ocean plastic

Using Artificial Intelligence to track ocean plastic

There’s so much plastic in the ocean that sometimes it seems like humans will never be able to tackle it all. Apparently, there are some scientific researchers who feel the same way about humans — so instead, they are using satellites and artificial intelligence to detect ocean plastic.

Earth observation scientists from the UK’s Plymouth Marine Laboratory call their project the first successful study using satellites to detect patches of plastic pollution in the ocean. To conduct the study, which was published in the journal Scientific Reports, the scientists looked at optical data from the European Space Agency’s Sentinel-2 satellite fleet.

The satellites were programmed to detect plastic particles larger than 5mm (macroplastics) and distinguish these patches of plastic debris from natural floating objects (like seaweed or driftwood); on average, there was a 86 percent accuracy rate. The researchers used four coastal case study sites: Canada’s Gulf Islands, the east coast of Scotland, the coastal waters off Ghana, and the coastal waters off Da Nang, Vietnam.

Generally, pieces of ocean plastic are too small for satellites to detect from far away — so how did the Plymouth Marine Laboratory team pull this off? They did so by using the satellites to detect plastic’s reflected light signature in the water rather than the plastic itself.

“You’re never going to see an individual plastic bottle floating on the sea, but we can detect aggregations of this material,” author Dr. Lauren Biermann told BBC News ahead of the study being published.

“Vegetation has a good signature that we can look for, whereas plastic has a different signature,” Biermann explained to the news outlet. “So, we can start to un-mix the pixel and say, ‘Right, how much of this pixel that I’ve detected that is nice and bright in my new floating debris index — how much of it seems to be plant material, and how much seems not to be plant material?’”

So, what will the Plymouth team do with this research? Moving forward, they have three steps planned. First, they will work on automating the manual steps for detecting and classifying plastic using the Sentinel-2. Second, they will work on making the detection algorithms more reliable in water with higher turbidity (cloudiness), where it’s harder to visually detect floating objects. And third, they plan to optimize their overall approach to satellite plastics detection, which they will do by gathering data from large rivers, tidal areas, and turbid areas.

Additionally, the researchers believe that their methods can be reproduced using various other remote sensing platforms that are similar to the Sentinel-2, such as drones.

 

Plastic pollution is a huge issue.

“Plastic pollution is a global issue,” Dr. Biermann said in a statement on Plymouth Marine Laboratory’s website. “This method will hopefully provide a stepping stone for satellites and drones to be used to tackle the marine plastics problem at the end of the product lifecycle. However, we will only ever make meaningful progress if we also tackle the source and reduce the amount of plastics produced.”

 

How many million tons of plastic are dumped in oceans every year?

Scientists estimate that a whopping 8 million tons of plastic pollution enter our oceans every year. In addition to efforts to detect and remove plastic from the ocean, humans seriously need to work on reducing our reliance on single-use plastics and therefore how much plastic enters and pollutes our oceans.

Scientists Are Using Artificial Intelligence to Detect Ocean Plastic [Green Matters]

 


 

Source: https://www.coolbusinessideas.com/

By Min Tang