Diving Deep: deploying finance to prevent plastic pollution of the oceans
A key constraint to improving waste and resource management in many countries is a lack of access to investment finance. Extending waste collection to all and phasing out uncontrolled dumping and open burning in low-income countries would significantly cut the mass of plastics reaching the ocean. So the UNEP Finance Initiative publication Diving Deep, aimed at banks, insurers and institutional investors, is very welcome. Guidance is provided in the form of a science-based, actionable toolkit, to ensure that their investments, both in product manufacture and in waste management, encourage waste prevention and sound waste management, thus keeping plastics out of the oceans.
The promotional video and the document itself are worth looking at just for the wonderful images by world-renowned photographer Cristina Mittermeier of Sea Legacy. The guidance was prepared by WWF (led by Paula Chin) and RWA (led by Andy Whiteman). DCW played a small role as one of the reviewers.