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Tuesday, May 7, 2024

Nanette Medved-Po on turning the tide in the global plastic crisis

What are plastic credits, and how can they help?

That’s why we launched PCX Markets in 2021. It’s a for-profit traceable plastic cleanup credits platform, ​which has so far prevented over ​74.4 million kilograms of plastic waste from ​leaking into the environment.

One $300 credit can fund the cleanup of 330,000 sachets, while creating incremental incomes for the informal sector and their communities, opportunities for women, reduced disease, and relieving heavily burdened public waste systems. That’s an incredible return on investment for keeping that one ton of plastic from polluting nature. 

The Asian Development Bank recognises plastic credits as an effective tool to help bridge the financial gap for governments in managing plastic waste and promote social and economic impact by funding projects that promote women’s empowerment and address disparities in the informal…

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