DENR seeks binding global plastics treaty to address plastic crisis
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The Department of Environment and Natural Resources (DENR) has called for a unified global framework to address the plastic problem worldwide.
Environment Undersecretary for Finance Analiza Teh said unified global policies help reduce financial risks for investors.
She adds that standardizing Extended Producer Responsibility metrics and regulatory terms lowers cross-border compliance expenses, providing institutional investors and multilateral development banks the regulatory certainty needed to fund large-scale sustainable infrastructure and public-private partnerships.
"We cannot solve the climate crisis without solving the plastic crisis. A future Global Plastics Treaty would be the most critical environmental deal since the 2015 Paris Agreement," said Teh during the High-Level Business and Policy Roundtable on the Global Plastics Treaty in New York, USA.
"To achieve our 2040 goal of ending plastic pollution, the final treaty must establish a predictable, standardized framework that aligns global capital with circular outcomes," she added.
Teh called on private companies to become active partners by sharing data on alternative materials, supporting mandatory rules to counter artificially cheap virgin plastics, and directly funding regional waste management infrastructure.
"A weak treaty is one that focuses only on waste management and recycling. This will lock countries into a permanent cycle of toxic exposure and waste management expenses it cannot afford,” said Teh.
In the Philippines, the DENR has issued 155 show cause letters to companies over alleged failure to recycle their plastic waste in compliance with the Extended Producer Responsibility (EPR) Law.
In 2024, the Palace said that audited recovery rates reached 59.98% for rigid plastics and 56.33% for flexible plastics, which is higher than the target of 40%. It added that the target for 2026 is 60%. — LA, GMA News
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