Plastic pollution mitigation – net plastic circularity through a standardized credit system in Asia
"The concept of credits for plastics is currently sporadically seen across the world, especially in developing regions of Asia, but remains much less explored than their counterparts for other commodities. “Plastic neutrality” or “net plastic circularity” in the form of credit purchasing by businesses could likely be the final missing piece of the puzzle picturing a circular economy, especially as an interim measure and later as a component to be integrated into existing and upcoming extended producer responsibility (EPR) schemes. In theory, the credit system could serve as an offsetting mechanism to recover an equivalent or higher amount of plastics to be produced by the credit-purchasing responsible manufacturer.
This paper explores how responsible plastic production, accounting, recovery and offsetting could be enabled through standardized plastic credits, similar to the existing carbon and sustainable palm oil credit systems, could be applied in Asia to achieve the goal of recovery of plastics for circularity."
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