Abstract
This paper summarizes the major points related to the EU plastic strategy as well as the relevant policy trends and initiatives for establishing a circular economy. While plastic production and consumption is increasing, the recycling rate for waste plastics remains low and there is ever growing concern for ocean environments due to the abundant proliferation of plastic litter. The EU plastic strategy has set an ambitious vision/target to close the loop and reduce the environmental impact of plastic wastes, while simultaneously aiming to achieve economic growth and lower greenhouse gases. The revised waste directive, which specifically prioritizes mandatory recycling targets on plastic packaging, has become the pivotal force behind the promotion of the new strategy.
Within the strategy, various measures have been established to achieve ambitious targets such as a voluntary commitment campaign, restriction on oxo-biodegradable plastic and intentional use of microplastic, financing, and EPR (Extended Producer Responsibility) application. In response to such new dynamism surrounding the plastic strategy, several multinational companies and relevant industrial associations have pledged their voluntary commitment to the reduction of plastic waste.
