On Thursday, March 14, at 7:30 am ET, Verra hosted a webinar on how its Plastic Waste Reduction Program (Plastic Program) provides an innovative finance mechanism for policymakers to meet their plastic waste management priorities.
Governments around the world have recognized the impact of plastic pollution and are taking measures to address it. Besides the emergence of national and regional policies on plastic pollution, the Intergovernmental Negotiating Committee (INC) is developing an international legally binding instrument on plastic pollution (the Global Plastics Treaty). This is a significant step toward curbing pollution across the full life cycle of plastics. However, the effectiveness of this instrument and the implementation of national policies directly depend on the availability of financial resources.
In this webinar, we discussed how Verra’s Plastic Program can mobilize new, additional, predictable, and sustainable sources of finance needed to support the implementation of the legally binding instrument while providing a global framework to measure and monitor the impact of such investment.
We particularly focused on how Plastic Credits issued by the Plastic Program can be used to scale plastic waste collection and recycling in accordance with national priorities, either directly or through integration with extended producer responsibility (EPR) schemes.
