Carbon Pulse INC-5: BRIEFING – Plastic Credit Market Tipped to Grow “With or Without” UN Treaty

PCX Solutions’ Managing Director, Stefanie Beitien talks with Carbon Pulse about the role credits can play in supporting the global plastics treaty. A new global mechanism for funding to tackle plastic pollution will take many years. “In the meantime, plastic credits offer a tangible instrument that is available now. We have over 250 mln kilos of capacity that can be deployed today.”

In this article, Carbon Pulse covered environmental standards like PCX Solutions’ Plastic Pollution Reduction Standard (PPRS) and how the plastic crediting mechanism can augment the gap on waste collection and management. Our Managing Director also mentioned that credits could be recognised either as “transition tools” before EPR schemes kick in, or as an integral part of such national frameworks. In 2022, the Philippines launched an ambitious Extended Producer Responsibility Framework (Philippines EPR Act of 2022) which utilizes plastic credits as a compliance mechanism for Obliged Enterprises (OEs). 

Furthermore, this newspiece also highlights the possibility of a high-integrity framework for plastic credits similar to that of biodiversity credits launched at COP16. 

Read the Carbon Pulse article in full here: https://lnkd.in/gDMCUc3s