Resources for Companies

Plastic Credits 101: A Guide to Plastic Crediting Projects

June 16, 2023
Alejandra Dueñas
x min read

The plastic crisis must be solved with collaborative efforts. We all have a responsibility. Governments are responsible for investing in waste management infrastructure, implementing policies and regulations to promote circularity, holding plastic polluters accountable, and increasing education and awareness. Businesses must produce more responsibly, move towards a circular plastics economy and be responsible for the impact they are generating. As individuals, we need to be more mindful of our consumption and disposal of waste and demand changes from businesses and governments.

While there are many fantastic initiatives to tackle plastic pollution, many challenges exist, especially around closing the funding gap in waste management infrastructure and recycling technologies in developing and rural areas that lack it.  

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That is where plastic credits can be a fantastic way to mobilize capital to invest in these much-needed solutions. Although not the only solution, it is part of a broader collective action strategy that can drive circularity through funding collection and recycling of plastic and inspire different stakeholders to contribute to global solutions.

How to generate plastic credits?

Plastic credits are generated through projects that aim to tackle plastic pollution by collecting and/or recycling plastic waste from the environment. These activities generate different types of credit, and the currently available plastic credits in the market are:

Collection credits: from plastic collected from the environment or local communities.

Recycling credits: from recycling plastic waste where it would otherwise not happen.

Organizations may purchase any of these credits to offset their unavoidable plastic footprint, following their commitments and efforts to measure and reduce their plastic use. The sale of credits drives investment towards the projects that generate them. Therefore, those projects must be environmentally and socially ethical according to the best practices, including providing formal employment opportunities and improving the quality of life in a cleaner environment.

As a project developer, Seven Clean Seas is dedicated to significantly contributing to creating a plastic-free ocean. We achieve this by utilizing plastic credits to finance waste management infrastructure in Bintan and Batam, Indonesia, and Thailand.
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To ensure the effectiveness of projects aimed at preventing and reducing plastic pollution, organizations must prioritize well-designed initiatives that are successfully implemented and positively impact both the environment and local communities.

With this objective in mind, we have harnessed our project team's extensive knowledge and experience to create "Plastic Credits 101: A Guide to Successful Plastic Crediting Projects." You can download it here.

This comprehensive guide offers a step-by-step process that will empower you to implement plastic crediting projects confidently and maximize their success chances. This guide covers all essential aspects, from identifying the ideal project location to selecting the most suitable third-party standards.

By utilizing the insights and expertise shared in our guide, you can ensure that your plastic crediting project is designed and executed in a manner that guarantees positive environmental outcomes and benefits for the communities involved. Together, we can make a tangible difference in the fight against plastic pollution.

We will continuously update this (and the coming guides) with the latest developments in this area to ensure you always have the latest up-to-date knowledge on the plastic credits topic.

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