Plastic pollution has become an urgent global issue (OECD 2022). Policymakers, business leaders, and communities are advancing solutions to address the problem, but a significant financing gap remains for a circular plastics economy. This report explores the viability of plastic crediting as a potential mechanism to finance plastic pollution interventions.
To examine plastic crediting potential impacts and risks, this report: introduces the concept of plastic crediting; provides an overview of the current state of the plastic crediting system; analyzes the associated challenges, risks, and benefits; and puts forward some recommendations. For the purposes of this report, the term ‘plastic credit’ is used to refer to the credit itself, while the term ‘plastic crediting’ is used to refer to the concept and mechanism of plastic crediting.
Plastic crediting is an emerging results-based mechanism that aims to connect public and private sector finance with specific activities that address plastic pollution.
