80% of rubbish found on Aus beaches is plastic waste

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Canberra, Oct 19 | Plastic waste accounts for more tha 80 per cent of all rubbish found across Australian beaches, A study based on one of the largest marine debris databases in the southern hemisphere revealed on Tuesday.

More than 2,000 organizations and 150,000 volunteer rubbish beachcombers helped compile the Australian Marine Debris Initiative (AMDI) based on collecting and sifting through almost 20 million pieces of discarded plastic, glass, rubber, metal, and paper, reports Xinhua news agency.

The Tangaroa Blue Foundation (TBF), an environmental organisation dedicated to the removal of marine debris, began the massive database in 2004.

Now researchers from the Centre for Marine Science and Innovation at the University of New South Wales (UNSW) have worked with TBF to analyse 10 years of the database to create a national map of patterns in marine debris.

Their findings unveiled on Tuesday and published in Science of the Total Environment, noted that almost half the debris was from sources such as general litter while 7 percent was from rubbish dumped at sea washing back onto the shore.

The researchers also noted the mountainous presence of plastic dwarfed other waste items, and said about 42 per cent of the plastic debris could not even be traced back to its source due to having broken down into minute fragments, known as microplastics.

TBF chief executive officer Heidi Tait, who co-authored the study, said the findings would be an effective way to monitor if international efforts to reduce plastic were working.

“We need to be really targeted in what changes are put in place to mitigate marine debris, and we need to monitor to make sure we are actually solving the problem,” Tait said.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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