Plastic Waste Causes Financial Damage of US$13 Billion to Marine Ecosystems Each Year as Concern Grows over Microplastics
By UNEP- Published on June 23, 2014 by UNEP
Nairobi, 23 June 2014 – Concern is growing over the threat that widespread plastic waste poses to marine life, with conservative estimates of the overall financial damage of plastics to marine ecosystems standing at US$13 billion each year, according to two reports released on the opening day of the first United Nations Environment Assembly.
The eleventh edition of the United Nations Environment Programme (UNEP) Year Book looks at ten issues flagged as emerging by previous reports over the past decade, including plastic waste in the ocean. The UNEP Year Book 2014 gives an update on each issue and provides options for action. Other areas covered include the environmental impacts of excess nitrogen and marine aquaculture, air pollution’s deadly toll, and the potential of citizen science.
Valuing Plastic, a UNEP-supported report produced by the Plastic Disclosure Project (PDP) and Trucost, makes the business case for managing and disclosing plastic use in the consumer goods industry. It finds that the overall natural capital cost of plastic use in the consumer goods sector each year is US$75 billion—financial impacts resulting from issues such as pollution of the marine environment or air pollution caused by incinerating plastic.