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The Problem

Common Plastics Found in Marine Litter

92% of plastics entering the oceans are macroplastics.

Left alone, these plastics will break down into microplastics which enter the very beginning of the food chain, permeating through all species, including ourselves, with consequences which today we are only beginning to understand.

TODAY 4.6 BILLION TONS OF PLASTIC IS EITHER IN LANDFILL OR OUR ENVIRONMENT

Production of plastics is growing exponentially. This year another 400 million tons of virgin plastic will be produced. Only 9% of all plastics ever produced have been upcycled.

PLASTIC KILLS MILLIONS OF MARINE ANIMALS EVERY YEAR

Marine debris is harming more than 800 species. 40% of marine mammals and 44% of seabird species are affected by marine debris ingestion. Marine pollution also causes biodiversity loss and hampers ecosystem functions and services.

Insight on Sustainability

Carbon Credits $50Bn by 2030

More and more companies are pledging to help stop climate change by reducing their own greenhouse-gas emissions as much as they can. 

For many companies to challenge themselves to achieve net-zero emissions, which means removing as much greenhouse gas from the air as they put into it, this is a tough ask and will need to consider the use of carbon credits to offset emissions. 

Estimates have valued carbon credits could be worth upward of $50 billion in 2030. 

Carbon credits support investment into the innovation required to lower the cost of emerging climate technologies. 

Carbon credits can help companies to meet their climate-change goals

Under the 2015 Paris Agreement, nearly 200 countries have endorsed the global goal of limiting the rise in average temperatures to 2.0 degrees Celsius above preindustrial levels, and ideally 1.5 degrees. Reaching the 1.5-degree target will require that global greenhouse-gas emissions are cut by 50 percent of current levels by 2030 and reduced to net zero by 2050. More companies are aligning themselves with this agenda: in less than a year, the number of companies with net-zero pledges doubled, from 500 in 2019 to more than 1,000 in 2020. 

To meet the worldwide net-zero target, companies will need to reduce their own emissions as much as they can (while also measuring and reporting on their progress, to achieve the transparency and accountability that investors and other stakeholders increasingly want). For some companies, however, it’s prohibitively expensive to reduce emissions using today’s technologies, though the costs of those technologies might go down in time. In some markets of course, certain sources of emissions cannot be eliminated. Because of these limitations, the emissions-reduction pathway to a 1.5-degree warming target effectively requires “negative emissions,” which are achieved by removing greenhouse gases from the atmosphere.