In 2022, United Nations Member States formed an Intergovernmental Negotiating Committee (INC) to begin drafting the terms of an international, legally binding instrument to end plastic pollution, referred to as the Global Plastic Treaty.
Reaching the goals of the Global Plastic Treaty will require a variety of approaches across the life cycle of plastics to address plastic pollution.
Plastic Credits issued by high-integrity plastic crediting programs, such as Verra’s Plastic Waste Reduction Program (Plastic Program), complement other solutions to meet the priorities of the treaty and should be a part of the treaty discourse.
Investment in plastic waste collection and recycling infrastructure ensures that plastic waste downstream is recovered and recirculated, repurposed, or appropriately managed.
Through the issuance of Plastic Credits to certified plastic waste collection and recycling projects, Verra’s Plastic Program drives finance toward activities that establish and scale this waste management infrastructure.
The INC currently plans to complete its negotiation of a Global Plastic Treaty by 2024. Verra attends INC sessions and participates in the INC process as an accredited observer.
- 23 April 2023: Verra at Second Session of Global Plastic Treaty Negotiations (INC-2)
- 13 Feburary 2023: Verra Publishes Recommendations for Global Plastic Treaty
- 11 January 2023: Verra Becomes UNEP Observer and Will Participate in Global Plastic Treaty Negotiations
- 13 December 2022: Commentary: 5 Reasons for Using Plastic Crediting in the Global Plastic Treaty
- 23 November 2022: The Role of Plastic Credits in a Global Plastic Treaty