On World Ocean Day, Planet Tracker investigates the fate of fishing vessels that are past their ’use by’ date. As fishing fleets across the world age, they are likely to be beached, which destroys ecosystems and costs human lives.

California has just leapt ahead of the EU in the plastic bottling recycling innovation race with some of the most stringent recycling requirements globally.

Seafood, the most traded food globally, is operating with a broken supply chain. Bottlenecks are apparent at both processors and distributors. If the seafood market were working efficiently, harvesting output would have fallen more dramatically. To date, lower seafood prices have failed to stop this oversupply, which means that seafood waste is rising.

Deep inside the EU’s seven-year budget and recovery plan, which was approved on Friday 24 July, is a plastics’ waste levy of €800/tonne that comes into force in January 2021, despite the fact that insufficient recycling infrastructure exists throughout the EU.

Last month, the EU Commmission launched two groundbreaking strategies – Farm-to-Fork and EU Biodiviersity – both intended to decrease the natural capital footprint of the EU’s food and agriculture system.

In these uncertain times, as supply chains are challenged by the twin risks of decreasing consumer demand and safety and the upstream challenges of production and transport, capital markets’ conversations are pivoting towards efficient use of natural resources as one of the ways forward.

Plastics in of themselves are not bad – plastics in many cases improve life quality. Yet it is clear that how we are managing the production, use and waste processes for plastics is a serious issue.

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