India suggests funding proposal for plastic phase-out

India has circulated a proposal for the financial arrangement to implement a global legally binding instrument on phasing out plastic pollution, currently being negotiated in South Korea's Busan where the fifth session of the Intergovernmental Negotiating Committee to develop an international legally binding instrument on plastic pollution, including in the marine environment (INC-5) is being held.

- Jayashree Nandi

India's proposal suggests that parties under the agreement, shall establish a mechanism for providing financial and technical assistance, including the transfer of technologies to developing countries from developed countries. This is for achieving a "just transition" towards sustainable production and consumption of plastics.