The IEA has published another report looking at energy intensity progress – noting that the rate of improvement in energy use is likely not fast enough to do its part in achieving net-zero needs. It is a comprehensive report (linked here) and we have chosen a couple of charts as you can see in today's daily report. The more interesting conclusion within the analysis may be that the IEA expects plastic collection for recycling to rise from 17% to only 27% by 2035. While this is a global average and will differ by country and likely by material, the overall rate looks low (but probably reasonable) and too low to allow packagers to meet recycle content goals, many of which are either 2025 or 2030 targets. We discuss some of the evolving packaging challenges in our ESG and Climate report today.
