Welcome to the fifth issue of Verra’s Plastic Program Newsletter, where we share updates on Verra’s Plastic Waste Reduction Program (Plastic Program).
If you have questions or comments about the newsletter, please contact plasticstandard@verra.org.
Plastic Program Fees Changing January 1, 2025
Verra recently released a comprehensive new fee schedule. It includes several changes to fees for the Plastic Program that will take effect on January 1, 2025. We have published a dedicated webpage, Verra’s 2024 Fee Schedule: Impacts for Plastic Program Stakeholders, to outline how these changes affect you.
Verra at Fifth Session of Global Plastic Treaty Negotiations (INC-5)
Verra recently attended the fifth meeting of the Intergovernmental Negotiating Committee (INC-5) in Busan (external). Verra supports the shared goal of ending plastic pollution worldwide and the mandate of the United Nations Environment Assembly (UNEA) Resolution 5/14 to develop an international legally binding instrument on plastic pollution, including in the marine environment, based on a comprehensive approach that addresses the full lifecycle of plastics. Komal Sinha, senior director, government and policy engagement, spoke at a panel on “Extended Producer Responsibility and Other Financing Models for Circularity.”
Upcoming White Paper on Plastic Credits and EPR
Verra recently published a discussion paper on the role of Plastic Credits in supporting inclusive extended producer responsibility (EPR) systems in emerging markets and developing economies. The Plastic Team is currently developing a more comprehensive white paper that builds on the initial discussion paper and analyzes use cases for Plastic Credits across six countries at different stages of EPR maturity. The executive summary of this discussion paper is now available and the full paper will be published early next year, when Verra will also host a webinar to delve into more details about this topic. Please use this form (external) to register your interest in attending the webinar and/or receiving a copy of the white paper.
Verra Joins Indonesia National Plastic Action Partnership Task Forces
Verra has joined the Finance and Policy Task Forces of the Indonesia National Plastic Action Partnership (NPAP) and will work with local partners to support the transition to a circular plastic economy in Indonesia. The NPAP plans to support the Indonesian government’s target of reducing 70% of the country’s marine plastic debris by 2025 and achieving near-zero plastic pollution by 2040. The NPAP aims to deliver meaningful action on reducing plastic waste and pollution by bringing together governments, businesses, and civil society.
Verra Joins Vietnam National Plastic Action Partnership Task Force
Verra has joined the Innovation and Financing Task Force of the Vietnam National Plastic Action Partnership (NPAP). Chaired by Vietnam’s Ministry of Natural Resources and Environment (MONRE), the NPAP is a nationally led multi-stakeholder platform that aims to turn commitments to reducing plastic waste and pollution into action. The Innovation and Financing Task Force will follow NPAP action roadmaps and recommendations to coordinate investment in plastic waste reduction, support the development of innovative solutions, and promote plastic circularity in Vietnam.
Project Updates
Verra regularly registers new projects and verifies Plastic Credit requests. See below for a list of projects that have recently completed their registration approval process:
- Plastic Waste Recycling by Van Werven, Sweden, Sweden (Verra Project 4786)
- Improving Waste Collection and Recycling Services in Colombia, Colombia (Verra Project 4438)
- Clean Kedarnath, India (Verra Project 3701)
- Incentivising Recycling in India through the Generation of Plastic Credits, India (Verra Project 3597)
- Plastic Waste Recycling Project by AGUA PET RECICLAGEM LDA, Mozambique (Verra Project 4737)
Visit the Verra Registry to see the status of all projects undergoing registration and/or verification approval with Verra’s Plastic Program.
Webinar Recordings
Verra recently hosted two webinars to provide an overview of its Plastic Program for specific regional stakeholder groups. Please find links to the recordings of these webinars below: