Rachel Middle5:53
Okay, thank you. So let me see... Okay, well hold on a sec here, let me go to the beginning. Okay, sorry about that folks. Okay, all right, all right, oh my gosh, okay, hold on, here we go. Okay, here, oh my gosh, there's like a delay. All right, here we are. All right folks, so there's just a few issues that I wanted to introduce to offer some clarity and a starting point for our discussion today. And first I want to elucidate on what sustainability is and what it's not. Most people equate sustainability as solely having an environmental focus, you know, whether that means preserving future generations or attaining some type of ecological equilibrium. But sustainability as we know it, it's so much more than environmental preservation or choosing a presumed eco-friendly option or even switching to renewables. It's the systems level philosophy and it integrates the environmental, social, and economic aspects as you can see here. And aside from these, there's a whole lot of sub-domains in this, geopolitical and cultural and socio-technical. And so what it is, it's an assessment and an equilibrium of all of these key factors, and that's what leads to long-term balance and profit growth. And so this is what sustainability is, and it has to be assessed from a life cycle perspective, which I'll expound upon in just a moment here. But you know, as our economy globalizes, it's become even more critical to find ways to account for all of these different dimensions of what constitutes sustainability.
Okay, and so this is our current business model largely, and it's a linear economy where we take materials, you know, we make products, we use them, and we dispose of them. So ideally our goal is to gravitate from what is a linear economy, you know, such as this, to migrating towards circularity where we can design for durability and reuse and repair and design for dismantling. But we're not quite there yet. We're making small strides in that area, but this is really the desired state. So when we talk about sustainability solutions in this sense, when we talk about energy transition, it really revolves around this model. And this model is gaining a whole lot of popularity for achieving local, national, and international sustainability goals. And what this is, it's a business model that keeps materials at its highest value throughout its entire life. So an industrial system that's regenerative by design, where we replace the end-of-life concept with restoration, and we aim for elimination of waste through a superior and effective design of materials and products and systems. But more effort is really needed in responsible extraction and upfront design and re-engineering of materials so that the end of life can be reinserted back into the economy with a second, third, or you know, ideally infinite life.
And so this is what a life cycle flow diagram looks like. Very basically, it's used by decision makers in governments and in businesses, and it's used to confront some of the issues and challenges that we see as we search for sustainable solutions. And they help us inform decisions by looking at the environmental impacts across the entire life cycle from raw materials extraction all the way to final disposal. And due to its systemic and cradle-to-grave approach, life cycle assessments are considered fundamental to help provide the support we need to integrate sustainability into decision making. And I think this is, you know, I'll be having an entire webinar in the near future here talking about life cycle assessments and some of the challenges with the current ones that we have and the gaps in the system and what we need to move to to really get a bigger picture of full sustainability that accounts not just for the environmental impacts but also integrates the social impacts and the economic impacts as well.
All right, so this is the waste management hierarchy, and this has been the basis of waste management policy for the better part of 30 years. And it's a preferential order of waste treatment options that aims to reduce the environmental impacts by prioritizing prevention, reuse, and recycling and recovery over landfill. And the origins of this can be summarized as a desire to divert waste from a landfill. So in Europe it was in response to mounting volumes of waste coupled with a shortage in landfill space, and in the United States it resulted in the risks to landfilling of untreated hazardous waste and the risk to human health and the environment. Adherence to this waste hierarchy is oftentimes equated with the least environmental impact and saving of resources, which in practical reality for those of practitioners here, it doesn't always coincide with this hierarchy. And we can unpack some of that in this webinar. But you know, so the best environmental outcomes may not necessarily be guaranteed, nor is it certain that natural resources are saved or most effectively utilized by adhering to this hierarchy. So in some cases the most preferred option, and sometimes the only feasible option from a life cycle perspective and from a sustainability perspective, again incorporating the social, economic factors along with the environmental factors, may in fact be energy recovery or landfill. So there's many factors to consider in here. So this hierarchy, what it does, it communicates the relative desirability of waste management options, but it really doesn't give an indication with regards to trade-offs with activities outside of the waste management and the social, environmental, and the economic impact of a local economy.
And so what this slide represents, and we won't go into the details here, but it represents plastic waste only, and it doesn't include municipal solid waste, it doesn't include hazardous waste or military waste. Globally we generate over 2 billion tons of municipal solid waste, and that's every year. And very conservatively, with MSW, about 33% is mismanaged. Our global waste generation in general is expected to grow over 3.5 billion tons by 2050. And our daily per capita waste generation in high-income countries is projected to increase by about 20% compared to low- and middle-income countries, which will be about somewhere along 40%. So I wanted to highlight these recycling figures in here, and as you can see, the U.S. is around 9% of plastic waste management. You know, globally we're at 16%, so these are still some rather dire figures. And there's reasons why it's like this, but essentially we have a lot of mismanaged waste that's going on out there. And the figures for this are likely more so if you think about the materials that are recycled and our recycling systems and the technologies that we have with mechanical recycling and its limitations. You know, we end up downcycling many of the materials that we have. So those materials that we downcycle eventually end up as waste. So I mean, some of these figures may be actually more than what's represented here, but this is essentially a global picture of our plastic waste management at the moment.
And so what this is supposed to be, but the visualization is not working here. What it's supposed to be is a time-lapse visualization of world trade flows of plastic waste from the years 1988 to 2018. And so I show this slide and apologize for it not working because it's really pretty dramatic when you see it. I show this really to demonstrate the interconnectedness of our global economy. The pandemic has really highlighted that fact. You know, our supply chains are inextricably linked, which is why decisions at the local level and the regional level should also keep in mind the global context of things. And so with COVID and the other calamities in our system and China's import restrictions in 2018, it has really illustrated how connected our societies are. And if we want a more circular, sustainable future, we really have to be cognizant of the global picture.