On October 22, 9 am ET, Verra’s Plastic Team will hold a webinar for financial institutions interested in understanding Verra’s Plastic Waste Reduction Program (Plastic Program) and Plastic Credits.
This webinar will help private banks, institutional investors, development banks, and others understand how Verra’s Plastic Program can support impact-driven and results-based investments and gain knowledge on the emerging plastic credit market.
Verra’s Plastic Waste Reduction Program (Plastic Program) enables the consistent accounting and crediting of a variety of plastic waste collection and recycling activities worldwide. Projects registered in the program receive Plastic Credits representing the impact of these activities. The sale of these credits mobilizes much-needed finance to address local plastic waste management challenges.
This finance, in turn, facilitates the following:
- Improved plastic waste collection and recycling rates needed to address legacy pollution
- The mitigation of plastic leakage to the environment
- Increased availability of recycled feedstock
- Enhanced benefits for the local informal waste sector
Verra’s Plastic Program has been leveraged by the plastic waste reduction-linked bond issued by the World Bank, which provides financial returns to its investors through Plastic Credits. Also, a new report (external) by The World Bank, “Unlocking Financing to Combat the Plastics Crisis: Opportunities, Risks, and Recommendations for Plastic Credits,” recognizes Verra’s Plastic Program as one of three fully independent plastic crediting programs that exist today.