Two decades ago, the world was producing just half the amount of plastic waste it does today.
Yet, despite efforts by environmentalists, only 9 per cent of plastic waste is successfully recycled, according to the latest Organisation for Economic Co-operation and Development report.
June 5 is the UN World Environment Day, marked each year to highlight the importance of the environment.
The majority of plastic waste ends up being dumped in giant landfill sites, burnt or left to pollute the environment.
Stricter policies needed
The OECD's first Global Plastics Outlook report shows that with populations growing and more people using and discarding the material, current policies to stop it from leaking into the environment are working.
The average amount of plastic waste generated by one person each year varies from 221 kilograms in the US and 114kg in European OECD countries, to 69kg in Japan and South Korea.
Often the main problem is poorly disposed of so-called macroplastics, such as plastic bottles, but microplastics are another major problem, which can leak into the food chain. Examples of microplastics are fibres from synthetic textiles, or microbeads found in personal hygiene products.
According to UN figures, plastic pollution in the 1950s totaled two million tonnes. By 2017 it had risen to 348 million tonnes. It is a global industry valued at $522.6 billion.
That is expected to double by 2040.
In March, heads of state, environment ministers and other representatives from 175 nations endorsed a resolution at the UN Environment Assembly in Nairobi to curb plastic pollution. The intention was to forge a legally binding agreement that would tackle the problem by the end of 2024.
Rivers and coastlines
About 80 per cent of plastic in seas gets there via rivers and coastlines, according to Our World In Data. The rest comes from marine activities such as fishing.
Studies have suggested that just a handful of rivers can be blamed for the majority of plastic pollution entering oceans, with between 60 to 90 per cent of plastics coming from just 10 rivers.
Asian rivers account for an estimated 80 per cent of ocean plastics, with the Philippines being responsible for about 30 per cent of the world's total.
The Philippines' high contribution may be due to the amount of coastline it has, with most of its population living by or near the sea.
The OECD report indicates that to reduce the amount of plastic entering oceans the problem of waste mismanagement needs to be tackled.
Wealthier nations either incinerate or recycle their waste, or it gets sent to landfills that are well managed. Lower-income countries do not have this system, meaning their waste is more likely to end up badly managed and polluting the environment.
OECD facts on plastic waste:
- Plastic consumption has quadrupled over the past 30 years, driven by growth in emerging markets. Global plastic production doubled from 2000 to 2019 to reach 460 million tonnes. Plastics account for 3.4 per cent of global greenhouse gas emissions.
- Global plastic waste generation more than doubled from 2000 to 2019, to 353 million tonnes. Nearly two thirds of plastic waste comes from plastics with lifetimes of under five years, with 40 per cent coming from packaging, 12 per cent from consumer goods and 11 per cent from clothing and textiles.
- Only 9 per cent of plastic waste is recycled — 15 per cent is collected for recycling but 40 per cent of that is disposed of as residues. Another 19 per cent is incinerated, 50 per cent ends up in landfills and 22 per cent evades waste management systems and goes into uncontrolled dumpsites, is burnt in open pits or ends up in terrestrial or aquatic environments, especially in poorer countries.
- In 2019, 6.1 million tonnes of plastic waste leaked into aquatic environments and 1.7 million tonnes flowed into oceans. There is now an estimated 30 million tonnes of plastic waste in seas and oceans, and a further 109 million tonnes has accumulated in rivers.
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
THE SPECS
Engine: 1.6-litre turbo
Transmission: six-speed automatic
Power: 165hp
Torque: 240Nm
Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)
On sale: Now
The five pillars of Islam
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
INFO
Fixtures (6pm UAE unless stated)
Saturday Bournemouth v Leicester City, Chelsea v Manchester City (8.30pm), Huddersfield v Tottenham Hotspur (3.30pm), Manchester United v Crystal Palace, Stoke City v Southampton, West Bromwich Albion v Watford, West Ham United v Swansea City
Sunday Arsenal v Brighton (3pm), Everton v Burnley (5.15pm), Newcastle United v Liverpool (6.30pm)
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Celta Vigo 2
Castro (45'), Aspas (82')
Barcelona 2
Dembele (36'), Alcacer (64')
Red card: Sergi Roberto (Barcelona)
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Russia's Muslim Heartlands
Dominic Rubin, Oxford
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Summer special
First Person
Richard Flanagan
Chatto & Windus
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
WWE Super ShowDown results
Seth Rollins beat Baron Corbin to retain his WWE Universal title
Finn Balor defeated Andrade to stay WWE Intercontinental Championship
Shane McMahon defeated Roman Reigns
Lars Sullivan won by disqualification against Lucha House Party
Randy Orton beats Triple H
Braun Strowman beats Bobby Lashley
Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship
Mansoor Al Shehail won the 50-man Battle Royal
The Undertaker beat Goldberg
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Sholto Byrnes on Myanmar politics
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ABU%20DHABI%20CARD
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It
Director: Andres Muschietti
Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor
Three stars
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47