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While it’s easy to understand that single-use plastic bags are detrimental to the environment, it’s also true that so far, we haven’t developed an alternative that can compete with low-density polyethylene bags when it comes to convenience and price—two of the strongest motivators for retailers and consumers alike.
With that in mind, a new consortium of major retailers is hoping to incentivize the invention of a better alternative. The founding partners—CVS, Target and Walmart—have collectively committed $15 million to the project.