MANILA, Philippines—Filipinos throw away 2.7 million tons of plastics every year which the World Bank said recycling could turn into millions of dollars in cash instead of becoming a burden on the environment.
The Philippines currently “grapples with unsustainable plastic production/consumption and insufficient waste management infrastructure,” said the World Bank report, “Market Study for the Philippines: Plastics Circularity Opportunities and Barriers.”
On its website, the World Bank noted that plastics production contributed $2.3 billion to the Philippine economy in 2018, as many poor and middle-income households use cheap consumer goods packed in plastic containers.
“A hig…
Keep on reading: World Bank report: Lack of plastic recycling costs PH $890M a year in potential income