Source: www.caribbeannewsglobal.com, Editor, First Published Dec 17th, 2025 The Coca-Cola Foundation, the philanthropic arm of The Coca-Cola Company, has awarded US$1 million to the Pan American Development Foundation (PADF) to support the Caribbean Plastics Recycling Project, a regional initiative that aims to expand plastic waste collection and strengthen recycling systems across the Caribbean. This investment comes at a critical moment, as Caribbean nations face mounting waste management costs, increasing plastic pollution, and growing demand for sustainable economic opportunities. “By supporting this regional initiative, we are helping strengthen local recycling systems, empowering waste collectors, and supporting innovative solutions THE COCA-COLA FOUNDATION AWARDS USD 1 MILLION TO STRENGTHEN PLASTIC RECYCLING IN THE CARIBBEAN that aim to protect both Caribbean communities and the region’s natural resources. We look forward to seeing the long-term economic and environmental impact this work will create,” said Carlos Pagoaga, president of The Coca-Cola Foundation. According to the World Bank Group, more than 320,000 tons of plastic waste go uncollected each year in the Caribbean, degrading fragile marine ecosystems and threatening the tourism, fisheries, and shipping industries that sustain local economies. The region’s dispersed island geography, limited waste management infrastructure, and small markets make recycling especially challenging. Limited access to financing, low public awareness, and crossborder transport regulations further constrain the development of a robust recycling infrastructure. 9 BUSINESS VIEW CARIBBEAN VOLUME 12, ISSUE 12 OPENING LINES
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