Paris plastics treaty ensures only one outcome

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By Trey Thoelcke Updated Published
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Paris plastics treaty ensures only one outcome

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In today’s edition:

— Five days in Paris: What’s the next step for cutting global plastic use?
— Auto dealerships face strange new world as EVs hit the market
— COP28 in Dubai will be a can’t-miss news event, with drama, wild predictions, and global politics. The only thing missing may be the climate problem.
— Nevada wants to be the ‘Silicon Valley of lithium,’ among everything else
— Global carbon levels are now 50% higher than at the start of the industrial era, after carbon dioxide in the atmosphere hit a new record of 424 parts per million

When I was a young foreign correspondent in the ‘90s in Europe covering the advent of the euro, a friend at a rival news outlet wrote about how investors looking to attend conferences on the new single currency could pretty much find one every single day one summer in some exotic European hotspot.

Today it’s climate conferences, with climate weeks in several cities and a steady calendar of government events around the world. This week it’s the pre-COP28 conference in Bonn. Last week the UN plastics conference in Paris. No shortage of fun places to discuss global warming. But a definite shortage of progress.

Many headlines were made of the plastics treaty in Paris last week, where nations came together and … pledged to write a future agreement. First drafts are due in Kenya in November, at the next big plastics conference. I suppose that’s progress but given the world’s problems with plastics, made from fossil fuels, from recycling to the waste in the oceans, it feels like a baby step at best.

Doug Woodring, founder of the Ocean Recovery Alliance, said the agreement to create a “Zero Draft” was a step forward. But as he wrote in a piece for Callaway Climate Insights last week, countries need to set their sights higher; more on creating a circular economy for plastics that involves reusing them rather than just recycling rules that many countries might not be equipped to meet.

Global diplomacy is a tricky and time-consuming practice. At least the advent of the euro had a deadline that these conferences could point to. For those seeking progress in plastics, all last week’s agreement guarantees is another long plane ride to another conference in another country, sometime soon.

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Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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