Plastic alternatives: more environmentally costly?
A new study compares the environmental costs of plastics vs. alternative materials by using accounting methods that measure and value environmental impacts.
A new study by Trucost finds the environmental cost of using plastics in consumer goods and packaging is nearly four times less than 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 water and emissions to air, land, and water—which are not typically factored into traditional financial accounting.
Previous reports, such as “Valuing Plastics” (2014) by Trucost and “The New Plastics Economy: Rethinking the Future of Plastics,” (2016) by the World Economic Forum, only examined the environmental costs of using plastics.
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.