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Plastic tax could be on the way for Australia to deal with 'impending plasticide'

Pile of used plastic bottles full frame

Pile of used plastic bottles full frame Source: Moodboard

A new report shows China's ban on foreign waste has had a major effect on Australia's waste problems.


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By Stergos Kastelloriou

Source: SBS



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A new report shows China's ban on foreign waste has had a major effect on Australia's waste problems.


Australia will need to introduce a tax on plastic to help reduce a mounting waste problem, a global financial analyst has predicted. 

A report by global wealth manager Credit Suisse found those restrictions have had a "colossal" impact on Australia and warns of an "impending plasticide". 

Australia was exporting a large portion of its recyclable waste to China, but China has tightened its contamination standards and banned 24 types of waste.

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