6th Floor, Woodrow Wilson Center

USAID and the Private Sector: Blended Finance Partnership to Combat Ocean Plastic Pollution (Launch Event)

There will be a webcast of this event

Event Co-sponsors

U.S. Agency for International Development, Circulate Capital, and Ocean Conservancy 

The amount of plastic pollution flowing into the ocean is increasing at an alarming rate, creating an urgent challenge for the world’s environment and economy. On our current trajectory, by 2050 — pound for pound — there will be more plastic in the ocean than fish. Most ocean plastic pollution emanates from developing countries — and, more specifically, from rapidly urbanizing coastal cities in the developing world — where waste management systems are struggling to keep pace with growing populations and increasing amounts of trash. The best way to address the flow of plastic into the ocean is to stop it at its source.
 
Recognizing this, USAID is providing a $35 million, 50 percent loan-portfolio guarantee through the Development Credit Authority (DCA) to incentivize private capital investment in the recycling value chain in South and Southeast Asia. The agreement leverages more than $100 million from a private-sector investment strategy managed by Circulate Capital, a firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic pollution in South and Southeast Asia, and backed by multinational corporations, including PepsiCo, Procter & Gamble, Dow, Danone, Unilever, and Coca-Cola. Starting this summer, Circulate Capital’s strategy will focus on providing financing to companies and projects in the recycling value chain to reduce improperly disposed of municipal solid waste. Join us for a discussion with representatives from the U.S. government, private sector, and NGO community on the use of innovative solutions and blended finance to tackle this critical issue.

This event is supported by the U.S. Agency for International Development, Circulate Capital, and Ocean Conservancy. 

Want to attend but can’t? Tune into the live or archived webcast on this page. The webcast will be embedded at the start time of the event. If you do not see it when the event begins, please wait a moment and reload the page. Archived webcasts go up approximately one day after the meeting date.

Media guests, including TV crews, are welcome and should RSVP directly to Amanda.King@wilsoncenter.org. Media bringing heavy electronics MUST indicate this in their response so they may be cleared through our building security and allowed entrance. 

Join the conversation on Twitter by following @NewSecurityBeat using the hashtags #WateratWilson and #oceanplastics. You can also find related coverage on our blog at NewSecurityBeat.org

Photo Credit: Louis Hansel, courtesy of unplash.com.

Speakers

Introduction

Moderator

Panelists

  • Rob Kaplan

    Founder and CEO, Circulate Capital
  • Haley Lowry

    Global Sustainability and End Use Marketing Director, Dow
  • Steve Sikra

    Associate Director, Research & Development, Global Product Stewardship, Procter & Gamble
  • Carrie Thompson

    Acting Assistant Administrator, Bureau for Economic Growth, Education, and Environment, U.S. Agency for International Development
  • Emily Woglom

    Executive Vice President, Ocean Conservancy