A recent study has uncovered the severe economic and environmental impacts of plastic waste drifting in the world’s oceans.
What’s the situation? Allianz Trade, an insurance firm, has projected that the financial burden of oceanic plastic pollution could reach $197 billion by 2030 and swell to$434 billion by 2050, assuming current rates of plastic production continue.
The research also highlights that the funding for ocean conservation efforts, as outlined in the United Nations’ 2030 Agenda for Sustainable Development, totals $25.
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