The Next Big AI Opportunity Is Here

AI stocks are revolutionizing public safety with cutting-edge technologies, and one company is leading the charge. With game-changing advancements in robotics and high-profile contracts already signed, this could be the next big winner. Want to know which AI stock could soar?

In South Korea, nations meet in final round to address global plastic crisis

JENNIFER McDERMOTT
November 24, 2024

Negotiators gathered in Busan, South Korea, on Monday in a final push to create a treaty to address the global crisis of plastic pollution.

It's the fifth time the world's nations convene to craft a legally binding plastic pollution accord. In addition to the national delegations, representatives from the plastics industry, scientists and environmentalists have come to shape how the world tackles the surging problem.

The planet is " choking on plastic, " according to the United Nations. It's polluting lakes, rivers, oceans and people's bodies.

"Don't kick the can, or the plastic bottle, down the road," U.N. Environment Programme Executive Director Inger Andersen said in a message aimed at negotiators.

This "is an issue about the intergenerational justice of those generations that will come after us and be living with all this garbage. We can solve this and we must get it done in Busan," she said in an interview.

The previous four global meetings have revealed sharp differences in goals and interests. This week's talks go through Saturday.

Led by Norway and Rwanda, 66 countries plus the European Union say they want to address the total amount of plastic on Earth by controlling design, production, consumption and where plastic ends up. The delegation from the hard-hit island nation of Micronesia helped lead an effort to call more attention to "unsustainable" plastic production, called the Bridge to Busan. Island nations are grappling with vast amounts of other countries' plastic waste washing up on their shores.

"We think it's the heart of the treaty, to go upstream and to get to the problem at its source," said Dennis Clare, legal advisor and plastics negotiator for Micronesia. "There's a tagline, 'You can't recycle your way out of this problem.'"

Some plastic-producing and oil and gas countries, including Saudi Arabia, disagree. They vigorously oppose any limits on plastic manufacturing. Most plastic is made from fossil fuels. Saudi Arabia is the world's largest exporter of primary polypropylene, a common type of plastic, accounting for an estimated 17% of exports last year, according to the Plastics Industry Association.

China, the United States and Germany led the global plastics trade by exports and imports in 2023, the association said.

The plastics industry has been advocating for a treaty focused on redesigning plastic products, recycling and reuse, sometimes referred to as "circularity." Chris Jahn, International Council of Chemical Associations secretariat, said negotiators should focus on ending plastic waste in the environment, not plastic production, to get a deal. Many countries won't join a treaty if it includes production caps, he said.

To continue to progress and grow as a global economy, there are going to be more plastics, Jahn added.

"So we should strive then to keep those plastics in the economy and out of the environment," Jahn said.

The United States delegation at first said countries should develop their own plans to act, a position viewed as favoring industry. It changed its position this summer, saying the U.S. is open to considering global targets for reductions in plastic production.

Environmental groups accused the U.S. of backtracking as negotiations approached.

Center for Coalfield Justice executive director Sarah Martik said the United States is standing on the sidelines rather than leading, putting "their thumb on the scale throughout the entirety of the negotiations." She hopes this does not derail other countries' ambition.

The U.S. Environmental Protection Agency released a national strategy to prevent plastic pollution Thursday, but Martik said she thinks too many of the measures are voluntary to make a difference.

Democratic U.S. Sen. Jeff Merkley, of Oregon, said it's a mistake for the United States to settle for the lowest common denominator proposals, just to get some kind of agreement.

Luis Vayas Valdivieso, the committee chair from Ecuador, recently proposed text for sections where he thinks the delegations could agree.

The production and use of plastics globally is set to reach 736 million tons by 2040, up 70% from 2020, without policy changes, according to the intergovernmental Organisation for Economic Co-operation and Development.

Research published in Science this month found it is still possible to nearly end plastic pollution. The policies that make the most difference are: mandating new products be made with 40% post-consumer recycled plastic; limiting new plastic production to 2020 levels; investing significantly in plastic waste management, such as landfills and waste collection services and implementing a small fee on plastic packaging.

The treaty is the only way to solve plastic pollution at this scale, said Douglas McCauley, professor at UC Santa Barbara and UC Berkeley. McCauley co-led the research.

Margaret Spring, chief conservation and science officer for Monterey Bay Aquarium, said plastic pollution used to be considered largely a waste problem. Now it is widely viewed as an existential crisis that must be addressed, said Spring, who represents the International Science Council at the negotiations.

"I've never seen people's understanding of this issue move as fast, given how complex the topic is," she said. "It gives me hope that we can actually start moving the dial."

___

The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Continue Reading...

Popular

Stocks Slip On Hot Inflation Data, Adobe Tumbles, Natural Gas Hits 1-Year High: What's Driving Markets Thursday?

Risk sentiment soured on Thursday following hotter-than-expected producer inflation data, which dampened optimism for aggressive interest rate cuts in 2025.

Warner Bros. Discovery Stock Spikes As Board OKs Restructuring Plan

Warner Bros. Discovery, Inc (WBD) stock climbed after the Board approved new corporate structure to enhance strategic flexibility. Stock surged 33% in last 30 days.

Gates-Backed Company Holds the Future of AI - Ad

Bill Gates is making his next big bet. And this time, it's with artificial intelligence. Over the last several years, Gates has quietly invested more than $750 million into this technology. And he's not the only one. Warren Buffett, Peter Thiel, Jeff Bezos, and others are in on it too. In this new exposé, Porter Stansberry shares all the details.

Companies tighten security after a health care CEO's killing leads to a surge of threats

“Wanted” posters with the names and faces of health care executives have been popping up on the streets of New York. Hit lists with images of bullets are circulating online with warnings that industry leaders should be afraid.

Louise Trotter is named creative director of Bottega Veneta, as Matthieu Blazy moves on

MILAN (AP) — Kering announced Thursday that Louise Trotter has been named creative director of the fashion house, taking over from Matthieu Blazy.

Elon Musk Is in Trump's "Inner Circle" - Ad

Elon Musk is one of Donald Trump's closest allies. James Altucher says that what Elon has planned next could lead to the world's first "Super-IPO" -- creating $100 billion on the first day it goes public! This "backdoor" play could be the best way to profit before the IPO...Starting with as little as $50.

Costco Q1 Earnings: Can Bullish Momentum Beat The Overbought Blues?

Costco (COST) to report Q1 earnings on Thursday. Stock up 58.01% in past year, 17.32% YTD, but overbought.

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes since the nation's tax collector received a massive glut of funding through in 2022.

Is a Starlink IPO Coming in 2024? - Ad

Could there be signs that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO... BEFORE Starlink goes public.

A Southwest jet and a small plane wound up on the same runway after being cleared to land

WASHINGTON (AP) — A Southwest Airlines jet wound up on the same runway with a small private plane that had stopped after an air traffic controller cleared both planes to land on the same California runway in October, according to federal investigators.

Truck drivers in Mexico block major highways to protest the government's failure to pay bills

MEXICO CITY (AP) — Truck drivers blocked some major highways in central Mexico on Tuesday to protest that the government hasn’t paid them for work they did on a tourist train line.

Wall Street Legend Issues Inauguration Buy Alert - Ad

If you've underperformed this raging bull market, if you've lost money or missed out... this is your final chance to potentially profit.

At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meeting

One of the striking things about how furiously many people reacted to the news last week that MSNBC “Morning Joe” hosts Joe Scarborough and Mika Brzezinski was how quaint their defenders sounded.

Eli Lilly invests $3B to expand Wisconsin factory to help meet demand for Mounjaro, Zepbound

Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke production of some and future products.

The Seven Stocks Set to Dominate Trump's Second Term - Ad

According to Alex Green, seven new stocks are set to take over during Trump's second term. Thanks to the sudden rise of AI, he says these stocks will dominate the coming years. In fact, he's claiming that $1,000 in each could turn into more than $1 million by 2030. Is he right?

Days after gunman killed UnitedHealthcare's CEO, police push to ID him and FBI offers reward

NEW YORK (AP) — The gunman who the CEO of the largest U.S. health insurer likely left New York City on a bus soon after the brazen ambush that has shaken corporate America, police officials said. But he left something behind: a backpack that was discovered in Central Park.

Data cable running across Sweden-Finland border suffers damage

BERLIN (AP) — A data cable running across the land border between Sweden and Finland has been damaged, a company providing digital infrastructure and data communication in Northern Europe said Tuesday.

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined - Ad

Forget rockets or brain implants... Elon's new AI product could be his biggest invention yet. Jeff Brown tried it himself recently and caught his experience on camera. See this footage because according to Tesla Magazine, this new product "could well shape the technological and economic future of our society."

US hiring likely rebounded last month after storms and strikes curtailed October job growth

WASHINGTON (AP) — Hiring in the United States likely rebounded last month from a dismal October, when hurricanes and strikes reduced job growth to its lowest level in nearly four years.

Top Nasdaq and NYSE Stocks Alerts for 2024 - Ad

Forget fancy software. Top traders rely on free alerts that tell them when to jump on the next big trade. Straight to your phone. No guessing, no stress.

SEC Approves America's First 24-Hour Stock Exchange — What It Means For You

U.S. regulators approved the nation's first 24-hour stock exchange on Wednesday, marking a significant shift in American securities trading as retail investors increasingly demand round-the-clock market access.

Crypto Stocks Surge Amid Market Boom - Ad

Crypto stocks are on fire as Bitcoin hits all-time highs. One under-the-radar company is leading the charge, managing $2.1 billion in client assets and seeing record trading volumes. With crypto adoption skyrocketing, this could be a game-changing opportunity.

Trump Has Selected Just Three People of Color for Top Jobs

Trump's Cabinet picks reflect limited racial diversity, with only three people of color selected for top roles.

[VIDEO] Watch Cannabis Farm Rattled By California's 7.0 Earthquake

Watch Humboldt Flower Company earthquake footage as a magnitude 7 quake shakes cannabis grow room, triggering a tsunami warning in California.

Crypto Stocks Are Heating Up - Ad

At the center of this transformation is a game-changing platform that's experiencing explosive growth with $41 million in revenue in just nine months. The stock has doubled in the last 45 days, but this is only the beginning.

French government faces no-confidence vote over Barnier's austerity budget

PARIS (AP) — is bracing for a no-confidence vote this week, a political reckoning almost certain to topple his fragile government and send shockwaves across the eurozone.

Marvell Stock Builds Momentum Ahead Of Q3 Earnings

Marvell Tech (MRVL) reports Q3 earnings on Tues. Stock up 86.35% YoY. Charts show strong bullish momentum, above key SMAs. Analysts see 17% upside with Buy rating and $93.88 PT.

December 16th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on November 18th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Newmont Lays Off Senior Employees Pursuing More Cost Controls

Newmont Corp. lays off senior employees, sells assets, and streamlines business units in order to increase cash flow and focus on top-tier operations.

Stocks to Buy (and Sell) Before Inauguration Day

Experts predict Trump's policies will positively affect energy, finance, defense sectors; stocks to buy include EPD, JPM, LMT, while others may decline.

The Secret to Trading Success? It's Simpler Than You Think - Ad

Forget fancy software. Top traders rely on free alerts that tell them when to jump on the next big trade. Straight to your phone. No guessing, no stress.

Can AI chatbots make your holiday shopping easier?

Tired of thinking about what gifts to get everyone this year? chatbots might help, but don't expect them to do all the work or always give you the right answers.

UPS to pay $45M to US settle charges that it improperly valued its freight division

UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Why Is Telomir Pharmaceuticals Stock Trading Higher On Tuesday?

Telomir Pharmaceuticals unveils preclinical data on Telomir-1, highlighting its potential in Type 2 diabetes, aging, and inflammatory diseases.

Trump speaks with Mexico's president, claims an agreement to effectively close the border

WEST PALM BEACH, Fla. (AP) — Two days after President-elect Donald Trump sweeping new tariffs on Canada and Mexico as part of his effort to crack down on illegal immigration and drugs, he said he spoke with the Mexican president and she “agreed to stop Migration through Mexico."

Why December 18th Will Impact Stocks More Than The Election - Ad

A man from a completely different government branch is going to stand up, say a few words... and make history in the stock market. This event comes along only every 25 years... And experts are already positioning themselves to profit from it.

Trump Organization leases brand to 2 new projects in Saudi Arabia

DUBAI, United Arab Emirates (AP) — said Monday it has leased its brand to two new real estate projects in Saudi Arabia just weeks before President-elect Donald Trump returns to the White House.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service