UN plastic treaty talks aim for breakthrough ahead of Dec 1 deadline

 Negotiators at the fifth round of talks aimed at securing an international treaty to curb plastic pollution were striving on Friday to speed up sluggish proceedings and reach a deal by a Dec. 1 deadline. 

South Korea is hosting the fifth and final U.N. Intergovernmental Negotiating Committee (INC-5) meeting to agree globally binding rules on plastics this week. 

Until Thursday, several delegates from around 175 countries participating had expressed frustration about the slow pace of the talks amid disagreements over procedure, multiple proposals and some negotiations even returning to ground covered in the past. 

In an attempt to speed up the process, INC Chair Luis Vayas Valdivieso is holding informal meetings on Friday to try and tackle the most divisive issues. 

These issues include curbing plastic products and chemicals of concern, managing the supply of primary polymers, and a financial mechanism to help developing countries implement the treaty. 

Petrochemical-producing nations such as Saudi Arabia strongly oppose efforts to target a cap on plastic production, over the protests of countries that bear the brunt of plastic pollution such as low- and middle-income nations. 

While supporting an international treaty, the petrochemical industry has also been vocal in urging governments to avoid setting mandatory plastic production caps, and focus instead on solutions to reduce plastic waste, like recycling. 

The INC plans an open a plenary session at 7 p.m. (1000 GMT) on Friday that will provide an indication of how close the talks have moved towards a treaty.  (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)