This working paper looks into the circular economy, its linkages with trade, and development and justice concerns related to the circular economy. The paper looks specifically into the potential for cooperation on circular economy in the World Trade Organization (WTO) and in its Trade and Environmental Sustainability Structured Discussions (TESSD). This work has benefited from collaboration with and support from the Friedrich-Ebert-Stiftung in Geneva and from comments shared by a group of various stakeholders at a meeting at Quaker House in Geneva on 24 June 2021. This is a work in progress and we welcome further comments. This is the first paper in the series on Trade and Environmental Sustainability, which also includes papers on the topics of environmental goods and services, fossil fuel subsidy reform, and greening Aid for Trade.
Plastic Money: Turning Off the Subsidies Tap (Phase 3 – Briefing Note for INC 5.2)
This briefing note by the Quaker United Nations Office (QUNO) and Eunomia Research & Consulting presents the preliminary findings from the third phase of our “Plastic Money” initiative. Released in August 2025 to coincide with the second part of the fifth session of the Intergovernmental Negotiating Committee (INC-5.2) on Plastic Pollution, this work continues our effort to bring clarity and evidence to the global discourse on plastic subsidies. Building on the insights and modelling from Phase 1 and Phase 2, this latest study expands the scope of analysis to include not only feedstock and energy subsidies but also a wider range of government support measures. These include capital investment grants, in-kind benefits, tax expenditures, and various forms of below-market financing. The study provides updated global estimates for such subsidies and models the environmental and economic implications of their removal. As governments work toward a legally binding Global Plastics Treaty, the role of public financial flows—including subsidies to the production of primary plastic polymers (PPP)—has come under increasing scrutiny. Subsidies reduce production costs, incentivise new investment, and help make virgin fossil-based polymers more competitive than recycled plastics and competing alternative or substitute materials. In doing so, they reinforce a linear and extractive economic model […]
