Develop a Project
The Plastic Program project cycle sets out the four major steps in developing an individual project to undertake the collection and/or recycling of plastic waste and generate quality-assured credits.
The Develop a Project under Verra’s Plastic Program: A Quick Guide document provides further guidance about the project development and registration process.
1: Choose a Methodology
The first step in the project development process is selecting a methodology applicable to the proposed project. If an applicable methodology does not exist, project developers are welcome to propose their own. Please write to email@example.com if you are interested in proposing and developing your own methodology.
2: Validate Project Description
Project proponents then develop a project description using the Plastic Project Description Template. Once the project description is listed on the Verra Registry and the project completes its initial 30-day public comment period, the project description is validated by an approved validation/verification body (VVB). This process determines whether a project meets all Plastic Program rules and requirements. The project description can be developed before, during or after project design and implementation.
3: Verify Collected and/or Recycled Plastic Waste
When a project activity starts, project proponents monitor and measure the collected and/or recycled plastic waste. All information for a given monitoring period is documented in a monitoring report using the Plastic Project Monitoring Report Template. The monitoring report must be verified by an approved VVB.
4: Register Project & Issue Plastic Credits
Projects proponents must open an account and submit all required documents on the Verra Registry in order to request registration with the Plastic Program and issuance of Plastic Credits. Projects can be registered once validation is complete or wait until they are ready to issue credits. All project information is listed publicly when projects are registered and Plastic Credits are issued.