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The agreement would curb plastic pollution at every stage of product life cycle including design, manufacturing, and disposal.

The platform, dubbed Aura, will allow consumers to follow a product life cycle by accessing a sort of digital database storing information in a way that it cannot be changed, tampered with or hacked.

"We will manage the entire product life cycle, including the development of a mass market product, as well as manufacturing, validation and testing according to automotive grade standards," Gunnar Juergens, the head of Continental's lidar segment, said in a statement.

Department of Energy, LEDs are more environmentally friendly than incandescent or CFL bulbs throughout their product life cycle.

The phone market is constantly changing, and features that seemed too expensive or unnecessary at the start of development can end up looking essential at any price in the later stages of the product life cycle.