Transitioning away from Fossil-Based Growth: Addressing the Political Economy of Petrochemical Plastics
Received Date: Mar 01, 2024 / Accepted Date: Mar 30, 2024 / Published Date: Mar 30, 2024
Abstract
This article delves into the imperative of transitioning away from fossil-based growth by addressing the entrenched political economy surrounding petrochemical plastics. As a ubiquitous component of modern society, petrochemical plastics pose significant environmental and health risks due to their reliance on finite fossil resources and their contribution to pollution and waste. The political economy of petrochemical plastics is complex, with vested interests in the fossil fuel and petrochemical industries shaping public policy and perpetuating a system of subsidies and incentives that hinder sustainability efforts. To confront this challenge, a multifaceted approach is necessary, targeting both supply and demand-side dynamics. Governments must reassess support for the fossil fuel industry, implement regulatory measures to internalize environmental costs, and promote sustainable alternatives. Efforts to reduce demand for petrochemical plastics through consumer awareness campaigns and policy interventions are also crucial. International collaboration is essential, with coordinated action needed to harmonize regulations and mobilize resources. By confronting the political economy of petrochemical plastics, we can pave the way for a more sustainable future that prioritizes environmental stewardship and human well-being.
Citation: Vinayak K (2024) Transitioning away from Fossil-Based Growth: Addressing the Political Economy of Petrochemical Plastics. Ind Chem, 10: 272. Doi: 10.4172/2469-9764.1000272
Copyright: © 2024 Vinayak K. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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