Plastic banknotes are almost three times worse for the environment than their paper equivalents.
UK Credit Lender Moneyboat’s research claims this is the case despite plastic banknotes’ longer lifespan and contrary to the Bank of England’s initial claims that switching to them would be eco-friendlier.
Energy Live News reports the study suggests that when the average number of banknotes used by an adult each year are considered, new £10 notes release 8.77 kg of carbon dioxide compared to the 2.92 kg generated by older cotton-paper versions.
Plastic notes were initially introduced to the UK in 2016 on the grounds of being harder to fake, longer lasting and more dirt resistant.
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