Plastic Credits Can Play a Role in Mitigating Climate Change
By quantifying the carbon emissions embedded in the plastic in their products and packaging, companies can align their plastic responsibility strategies with carbon reduction goals.
Plastics have different carbon impacts, with CO2-equivalent emissions per ton ranging from 3.9 for LDPE to 6.0 for PET, even before considering disposal. By using plastic credits to divert waste, companies can prevent 1 to 2 tons of CO2-e emissions per ton recovered, depending on the type, location, and disposal outcome.
Read our blog post to learn more about how plastic credits can play a role in tackling climate change.
News and Perspectives
PCX CEO Sebastian DiGrande discusses the plastic waste crisis with sustainability expert Tim Mohin
"At PCX, our approach is based on creating scalable, market-driven solutions to ensure essential funding reaches the right players in waste management, both upstream and downstream."
Boston Consulting Group's Tim Mohin sat down with PCX Markets CEO Sebastian DiGrande to talk about how we’re working to accelerate the circular economy and keep plastic waste out of nature.
Read the full interview here.
To tackle plastic scourge, Philippines makes companies pay
"It's manna from heaven."
Barron's highlights how plastic credits on PCX Markets are supporting the Philippines' ambitious Extended Producer Responsibility (EPR) law, channeling much-needed funds into projects tackling plastic pollution.
'The EPR law is intended to achieve "plastic neutrality" by forcing large businesses to reduce plastic pollution through product design and removing waste from the environment.'
Read the full article here.
India leads global plastic waste emissions due to lack of waste collection facilities
India is now the world's top producer of plastic waste, generating 9.3 million tonnes each year, according to a recent study published in Nature. The country burns approximately 5.8 million tonnes of plastic annually and releases an additional 3.5 million tonnes into the environment as debris.
Read the full article by The Hindu here.
Unpacking the INC Chair’s vision of a Global Plastics Treaty
The INC Chair has published a non-paper document that will frame upcoming negotiations for a Global Plastics Treaty at INC-5.
The WWF argues that it lacks specificity regarding product design requirements and funding, and cautions that single parties could still veto important decisions.
Read the full article by Packaging Europe here.
Project Partner Spotlight
In Madhya Pradesh, India, this PCX project partner pays a premium for plastic waste from informal sector 'rag pickers' who collect near the Narmada River, preventing pollution and preserving this vital water source.
Waste pickers bring the plastic to collection agents, who send it to the project partner's recycling facility to be processed into granules and pellets sold to companies as an alternative to virgin plastic.
The project also upcycles some collected plastic into irrigation pipes, which they provide to farmers at subsidized rates as part of a buy-back scheme. This has increased the farmers' living conditions and lifted the growth of their crops with substantial irrigation measures.
To support this project, visit our marketplace here.
Events
PCX and Mondelēz join PRS Asia 2024
Mondelēz International Philippines Corporate and Government Affairs Lead Caitlin Nina Punzalan and PCX Markets Commercial Director Rudi Ramin will share insights on how to bridge the funding gap with plastic credits at the Plastic Recycling Show Asia on November 13 in Singapore. If you’ll be in the Lion City, do join us! Register below for a complimentary pass.
Webinar: How Plastic Credits are Supporting the Global Plastics Treaty
Save the date for the upcoming webinar, “How Plastic Credits are Supporting the Global Plastics Treaty,” on November 12, 2024, hosted by the PREVENT Waste Alliance.
The event will feature a panel of experts, including our sister company, PCX Solutions' Managing Director Stefanie Beitien, discussing how plastic credits support the Global Plastics Treaty, EPR schemes, and socio-economic impact. This session is ideal for policymakers, sustainability professionals, and civil society groups eager to explore the future of the plastic credit ecosystem.
PCX at INC-5
We're gearing up for INC-5, the final round of negotiations for a Global Plastics Treaty, from November 25 to December 1 in Busan, South Korea. If you plan to attend, drop us a line so we can connect! Follow us on LinkedIn for updates on events we're hosting and attending.
Case Study: Extended Producer Responsibility in the Philippines
Our sister organization, PCX Solutions, has just published an in-depth case study on the Philippines' new Extended Producer Responsibility Law. Download it now to learn how the country is approaching plastic pollution ahead of the UN treaty, how they fared in Year 1 of compliance, and what lessons the journey offers other emerging markets tackling plastic pollution.
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