China has agreed to pay a record $100.7 billion in penalties for dumping plastic and other materials in its manufacturing and distribution networks.
The World Bank Group announced the agreement with Cambodia, which has been accused of dumping plastic in the United States, after a review of more than 200 reports by the United Nations Food and Agriculture Organization.
The agreement was announced Wednesday at the United Nation’s annual World Economic Forum in Davos, Switzerland.
Cambodia will also pay $20 million to settle an environmental lawsuit filed by the U.S. state of Michigan.
The Cambodian agreement comes after several U.N. reports in recent years showed widespread plastic pollution in Cambodia, the country of the same name.
The U.K.-based Food and Agricultural Organization of the United Kingdom has estimated that Cambodia has spent more than $2 billion on plastic and the waste has been stored in waterways.
The group also found that plastic pollution has become a serious problem in Cambodia.
“The World Food Program has identified plastic waste as a major public health concern in Cambodia and has urged governments to take swift and decisive action to address the problem,” said Andrew Holmstead, executive director of the World Food Programme, in a statement.