Indonesia launches financing roadmap, spotlight on GPAP at WTO and more

Blog   December 1, 2020

NOVEMBER 2020
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  • Indonesia NPAP launches financing roadmap: As a major step forward in operationalizing the Indonesia Multistakeholder Action Plan, the NPAP Financing Task Force has released a national financing roadmap that aims to generate $10 billion per year through catalysing investments in substitution, packaging redesign, recycling capacity, and more areas.
  • Davos Agenda 2021 to focus on a ‘Great Reset’ for priorities and collaboration: The World Economic Forum has announced a series of virtual dialogues to take place the week of 25 – 29 January, which will focus on five key areas of recovery and inclusive growth. GPAP anticipates playing an active role in stewarding the conversation around addressing the crisis of mismanaged plastic waste; more to come.
  • Welcome to Christian Kaufholz! Christian has officially joined GPAP as Manager, Affiliated Programs, but many of you have already known him as the head of the Consumers Beyond Disposability platform at the World Economic Forum for the past few years. We are thrilled to officially join forces with Christian and to tap into his deep experience in sustainable consumption and reduce/reuse innovation.
  • Welcome to Ruth McLachlin! Ruth is the newest member of the GPAP team, joining us as Impact Management and Measurement Specialist. She will also lead GPAP’s efforts to advance gender equality and inclusion across all of our workstreams. Previously, Ruth worked in impact measurement for the Global Shapers Foundation and brings a background in political and computer science, human-centred design, research and innovation.

Latest Insights

Indonesia NPAP Financing Task Force launches roadmap to mobilize billions for plastic action

Following the Indonesia multistakeholder action plan in April, which proposed a series of radical, ambitious actions to turn the tide on Indonesia’s plastic pollution challenge, the NPAP has now unveiled a financing roadmap for unlocking at least $18 billion in capital investments by 2040, which will in turn generate $10 billion annually for Indonesia. The roadmap was developed under the leadership of Co-Chairs Winfried Wicklein (Asian Development Bank) and Dian Lestari (Ministry of Finance), and with the support of a diverse group of stakeholders from government, business, civil society, and the innovation and entrepreneurship community.

Spotlight on GPAP and UK leadership at World Trade Organization Trade and Environment Week

As part of the WTO’s Trade and Environment Week, the Government of the United Kingdom convened a discussion on the intersection between trade policy and plastic pollution action, presenting GPAP as a promising example of multistakeholder collaboration to achieve concrete results at the national level. Watch the playback here, or read coverage of this discussion in the IISD Knowledge Hub and in The Guardian.

At this event, Lord Zac Goldsmith, UK Minister for Pacific and the Environment, also announced the endorsement of a global treaty on plastic pollution: “We have a chance now to create an unstoppable momentum to tackle plastic pollution in a way that the Paris agreement has done for climate change.”

The Ghana NPAP just turned one year old. What are its biggest learnings?

The Ghana NPAP recently convened an interactive virtual discussion at the World Circular Economy Forum to share key achievements and lessons learned from its first year of operation. We were delighted to introduce a welcome message from Minister Kwabena Frimpong-Boateng of the Ministry of Environment, Science, Technology and Innovation (MESTI), as well as panellists Margaret-Mary Tohouenou (Nestlé), Clem Ugorji (Coca-Cola), Paolo della Stella (UNDP Ghana), and Oliver Boachie (MESTI). Watch the replay.

Asian Development Bank, Indorama Ventures sign $100 million ‘blue loan’ to tackle ocean plastics

In a major boost to plastic waste recovery and management in South- and South-East Asia, ADB and Indorama have signed a $100 million financing package – one that will significantly strengthen Indorama’s capacity to collect, treat and recycle plastic waste that would otherwise have been released into the ocean, particularly in the countries of India, Indonesia, the Philippines, and Thailand.

Gemini Corp honoured with World Economic Forum’s New Champion Award

GPAP affiliate member Gemini Corp, a long-time player in the global circular economy and recycling industry, has been recognized by the World Economic Forum for its work in both putting plastic waste into productive re-use and giving back to society – the company has contributed free medical, educational, environmental and social care services to 12 villages in India, among other efforts.

Indonesia commits to leading on green growth and sustainability in the COVID-19 recovery

Indonesian President Joko Widodo recently joined a special dialogue with global business leaders, hosted by World Economic Forum Executive Chairman Klaus Schwab, to discuss the government’s agenda for rebuilding in the aftermath of the COVID-19 pandemic – while still placing environmental stewardship at the forefront.

At the World Economic Forum summit “Bold Actions for Food as a Force for Good”, government and business leaders also drew attention to PRAISE, a public-private collaboration initiative in Indonesia that aims to convert plastic packaging waste into high-value resources that can reap environmental benefits.

Morgan Stanley to award five $250,000 grants backing sustainable solutions

GPAP affiliate member Morgan Stanley has launched the Sustainable Solutions Accelerator – a program that aims to “identify and advance wide-ranging innovation that helps address global sustainability issues”, including on the issue of plastic waste. “Now is the time to support holistic solutions that will become the next frontier in sustainable investing,” says Audrey Choi, Chief Sustainability Officer at Morgan Stanley.

Circulate Capital announces $18 million investment in India’s leading dry waste management company

Social impact investment firm Circulate Capital, which sits on GPAP’s Advisory Committee, has announced another exciting major investment in plastic waste management and recycling in India – $18 million in Series C funding into Nepra, a national leader in dry waste recovery and recycling. The company partners with over 1,700 waste collectors and expects to use this investment to further scale up its operations.

Indonesia NPAP Policy Task Force kicks off with strong cross-sector interest

On 24 November, the Indonesia NPAP Policy Task Force convened its first meeting under the leadership of Co-Chairs Nani Hendiarti (Deputy Minister, Coordinating Ministry of Maritime Affairs) and Satu Kahkonen (World Bank Country Director for Indonesia). The meeting attracted 89 participants, representing eight Indonesian government ministries; private sector businesses such as INAPLAS/Chandra Asri and Nestlé; IPI (waste pickers association); as well as international organizations and diplomatic missions from Japan, Denmark and Germany. The Policy Task Force will focus on translating the national action plan into policy recommendations at the national and local levels; a policy roadmap is forthcoming.

Ellen MacArthur Foundation releases Upstream Innovation guide to tackle plastic waste at its roots

Elimination, reuse and material circulation are key to stopping the generation of avoidable plastic waste and a core part of achieving a truly circular economy. In this new guide on Upstream Innovation, the Ellen MacArthur Foundation provides a rich array of resources and tools to help rethink packaging, product and business models in favour of less wasteful supply chains.

NPAP Viet Nam facilitates open dialogue on innovation challenges for social impact start-ups

At TECHFEST Vietnam 2020, the country’s largest annual innovation conference, NPAP Viet Nam joined forces with UNDP and WWF-Viet Nam to co-organize a workshop and panel discussion, “Business Innovation towards the Great Reset: A Focus on Plastic”, featuring speakers from the Ministry of Natural Resources and Environment, Vietnam Angle Network, Vietnam Silicon Valley Foundation and more. The event attracted around 100 start-up founders and students, sparking lively conversations on opportunities and challenges in building the ecosystem for social and environmental impact in Viet Nam.

Events on the Horizon

10 December | Virtual Meeting

Country Spotlight: China

Hosted by GPAP and the Circular Economy platform at the World Economic Forum

 

December TBC  |  Virtual Conference

Viet Nam National Plastic Action Partnership (NPAP) launch
Co-hosted by GPAP and the Ministry of Natural Resources and Environment

 

25-29 January  |  Virtual Conference

The Davos Agenda
Hosted by the World Economic Forum

Engage with us

We’re always on the lookout for new and inspiring content, news and analysis, and upcoming events to feature in this newsletter. Please write to us at plasticaction@weforum.org to share updates that should be featured in the next edition.

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