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. https://resource-recycling.com/plastics/2020/02/18/can-credit-trading-drive-dollars-to-plastics-recovery/
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SHARESHARESHARE
CAN CREDIT TRADING DRIVE DOLLARS TO PLASTICS RECOVERY?
An initiative backed by several major brands is looking to boost the flow of corporate money to vetted plastics recovery and recycling projects. The effort is based on a voluntary market-based standard, currently called the Plastic Waste Recovery and Recycling Project Standard, which will lay out broad rules and requirements for projects around the world to meet. Projects meeting the standard could generate credits, which companies would then purchase to help fund the effort. “It’s essentially driving corporation financing through a crediting mechanism to plastic recovery and recycling activities,” said Sneha Balasubramanian, a program officer at Washington, D.C.-based group Verra, which is creating the standard. Verra is a standards development organization that has a focus on climate action and sustainable development. READ MORE