Plastic credits: a transitionary tool towards a circular economy

News & Blog

 

The current discourse on plastic credits holds a dizzying sea of standards coupled with conflicting opinions. At its core, plastic credits or offsets are payments in exchange for plastic waste collection or recovery services. Activities that qualify for plastic credits are typically those that occur outside of the producers’ value chain, ranging from beach clean-ups to municipal waste collection.

Critics dismiss plastic credits as yet another way producers greenwash their customers while diverting attention from meaningful solutions to reduce their plastic footprint. Others promote plastic credits as a catalytic tool to channel much-needed investments into a chronically underfunded waste sector. Read more