Plastics and sustainability: a valuation of environmental benefits, costs and opportunities for continuous improvement
A new study by Trucost finds the environmental cost of using plastics in consumer goods and packaging is nearly four times less than it would be if plastics were replaced with alternative materials. The study is based on natural capital accounting methods, which measure and value environmental impacts—such as consumption of natural water and emissions to air, land and water—which are not typically factored into traditional financial accounting. Trucost’s latest study, “Plastics and Sustainability: A Valuation of Environmental Benefits, Costs, and Opportunities for Continuous Improvement,” builds on earlier research by comparing the environmental costs of using plastics to alternative materials and identifying opportunities to help lower the environmental costs of using plastics in consumer goods and packaging.