15 years: Ocean conservationist
You’ve heard of carbon credits – now prepare yourself for plastic credits. Join Vincent Kneefel as he walks us through what plastic credits are, how they work, their impact and lastly a real-world case study.
You’ve heard of carbon credits – now prepare yourself for plastic credits. Join Vincent Kneefel as he walks us through what plastic credits are, how they work, their impact and lastly a real-world case study.
9 mins 39 secs
Plastic credits are quantifiable, verifiable, and transferable units that indicate a certain amount of plastic has been collected or recovered from the environment. The aim is to incentivise the removal of plastic from the environment, as well as its recycling into new products and packaging. A plastic credit program could encompass activities such as: plastic waste collection, new municipal infrastructure development, collection and sorting of recyclable plastic waste, and the development and/or scaling up of innovative recycling technologies. In order to be accredited by a plastic credit standard however, projects must go through the following rigorous examination process, starting with adoption of a standard, independent auditing, accounting methodology and transparency and accountability.
Key learning objectives:
Define plastic credits
Understand how plastic credits work
Outline the potential impact of plastic credits