No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Savings

We burn a lot more than we recycle – that’s just madness!

August 9, 2025
in Savings
0
Helping the planet: Every week millions of us do our bi by rinsing yoghurt pots, flattening packaging, and sorting plastic into the right bins


As delegates from more than 170 countries meet in Geneva to try to hammer out a global treaty on plastic pollution – a crisis most visible in our waste-strewn oceans – the UK faces its own reckoning.

Every week millions of us do our bit. We rinse yoghurt pots, flatten packaging, and sort plastic into the right bins, in the hope we’re helping the planet.

But most of that plastic isn’t recycled in the UK. It’s either shipped abroad or, more often, burned in incinerators.

In 2023 alone, more than half a million tons of plastic in the UK was incinerated, releasing carbon, wasting resources, and undermining public trust in recycling. That’s not green. That’s madness.

The real scandal? This isn’t happening because people don’t care, it’s because the system is broken. We treat recycling as a consumer issue, when it’s really an infrastructure issue. It’s about what happens after the bin is emptied. Too often, the answer is: not much.

Local councils can’t recycle flexible plastics such as films, pouches and bags. The UK lacks the capacity to process them. So they’re incinerated, buried, or exported – a tragic waste of a valuable resource.

Helping the planet: Every week millions of us do our bi by rinsing yoghurt pots, flattening packaging, and sorting plastic into the right bins

Meanwhile, the taxpayer foots the bill, and the environment pays the price.

Some argue we should stop using plastic altogether. It’s a seductive idea, but not a serious one. Plastic is essential to UK life sciences, packaging, food, construction and transport.

And we shouldn’t want to ditch it. Britain’s plastics industry is world-class: a top ten exporter, worth £10 billion in 2022, supporting 160,000 jobs in every region of the country.

What we do need to change is how we handle plastic at the end of its life.

Globally, new technologies are reshaping what’s possible. At Plastic Energy, we’ve been developing chemical recycling for more than 15 years, converting mixed, contaminated plastic from household bins into oil that can be used to make new plastic. No wishful thinking – it works, at commercial scale, today.

We chose Loughborough University as the site for our global research and development centre, and London as our headquarters. From our UK base, we’re building and operating plants in Spain, the Netherlands and France. British innovation, making a global impact.

On a mission: Ian Temperton, Chief Executive of Plastic Energy

On a mission: Ian Temperton, Chief Executive of Plastic Energy

We’re not alone. Symphony Environmental Technologies in Hertfordshire is creating smart additives to make plastics more recyclable. In Scotland, Revantas uses solvents to extract pure polymers from mixed waste.

UK firms are pioneering the next chapter in plastics – low carbon, circular, and scalable.

The problem isn’t the technology. It’s the policy.

It’s still too difficult to build and operate advanced recycling plants in the UK. In fact, things are going backwards – with mechanical recycling plants closing in Sunderland, Bristol and Kent.

The plastic packaging tax is a step in the right direction – rewarding manufacturers who use recycled content – but the revenue vanishes into Treasury coffers.

It should be reinvested into better sorting and reprocessing infrastructure. We also need simpler, more consistent waste collection and regulatory clarity for investors and operators.

We talk a lot about industrial policy in the UK. Well, here’s an industry we’re good at. One that’s essential to the net zero emissions goal. One with proven, investable firms. And we’ve shown we can lead.

The UK was the first country in the world to establish rules for how chemically recycled content should be counted in packaging, more than a year ahead of the European Union. Brussels has now followed our lead.

That’s the kind of confident, pragmatic leadership we need more of. Britain can lead the next generation of plastics recycling. But only if we stop burning what we could reuse and start investing in the systems that make it possible.

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

Editorial Team

Editorial Team

Related Posts

Terminal, Airport, Outdoors
Savings

The Orlando International Airport (MCO) Guide

August 12, 2025
Self employed pension crisis: The SMF is urging the government to encourage more to save
Savings

EXC – HMRC and banks should ‘nudge’ the self-employed to save into a pension, says think tank

August 11, 2025
Weekly Mortgage Rates Plunge After Bad Jobs Report
Savings

Weekly Mortgage Rates Plunge After Bad Jobs Report

August 11, 2025
The share of buy-to-let limited companies with at least one non-UK shareholder
Savings

Fifth of buy-to-let companies set up by landlords who aren’t British citizens

August 10, 2025
Airport, Airfield, Aircraft
Savings

Why My New Favorite American Airlines Card Is the Citi Strata Elite

August 10, 2025
Face, Head, Person
Savings

Points and Miles Valuations: What to Know

August 9, 2025
Load More
Next Post
XRP vs Solana vs Pepeto: Which crypto has the strongest setup for a 2025–2026 bull run?

Which leads 2025 bull run?

Popular News

  • Josh Garber

    How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • Ex-Brite employees start a new advisory firm linked to their former CEO.

    0 shares
    Share 0 Tweet 0
  • The Most Affordable Caribbean Island Getaways for 2025

    0 shares
    Share 0 Tweet 0
  • Pandion hires NYC pension expert to boost offering

    0 shares
    Share 0 Tweet 0

Latest News

TPG Twin Brook Capital Partners and Coller Capital close $3bn (£2.2bn) credit-focused continuation vehicle

TPG Twin Brook and Coller Capital close $3bn deal in private credit secondaries

August 12, 2025
0

Mid-market direct lender TPG Twin Brook Capital Partners and secondaries manager Coller Capital have closed a $3bn (£2.2bn) deal for...

Sui price struggles under $4, is more downside ahead?

Sui price struggles under $4, is more downside ahead?

August 12, 2025
0

Sui is drifting under the $4 mark as fading bullish momentum and an upcoming token unlock raise concerns of deeper...

Terminal, Airport, Outdoors

The Orlando International Airport (MCO) Guide

August 12, 2025
0

Orlando International Airport (MCO) in Florida is one of the top transit hubs for leisure travelers in the U.S. If...

Condé Nast Traveler

How to See the Perseid Meteor Shower This Week

August 12, 2025
0

It’s August, which means it's time to dust off your lawn chairs and get ready for the best meteor shower...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.