The agreement, organised by Government-backed waste charity Wrap, is a world-leading collaborative effort by Britain’s biggest consumer companies to tackle the scourge of plastic waste on the environment.
The bill signed Thursday gives businesses 18 months to stop using containers made from this material, commonly called Styrofoam.
“By 2025, at least 55% of municipal waste (from households and businesses) should be recycled. The target will rise to 60% by 2030 and 65% by 2035.”
The US banking giant said more than $100bn of its commitment was earmarked for clean technology, renewable energy, green bonds, low emission transportation and other projects that “directly support the transition to a low carbon economy”.
Europe’s largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.
No coal was used for power generation by stations in the U.K. between 10:25 p.m. in London on Monday until 5:10 a.m. on Thursday.
The U.K. Government is planning to ban plastic straws, stirrers and plastic-tipped cotton buds in a further acceleration of its war on the waste material.
The fast-growing clean sector now employs 105,500 men and women across all 50 states after a bumper year of 9 percent growth, according to the American Wind Energy Association (AWEA).
U.K.’s largest coffee shop chain has pledged to recycle up to 500m cups a year by 2020 — a fifth of the total used in the country
Members of the UN International Maritime Organisation on Friday struck a deal to halve carbon dioxide emissions from shipping by 2050 in a deal that will force the industry to redesign fleets.
