Fostering the plastic credit ecosystem: Deep dive into The Circulate Initiative’s 11 best practices
Updated: May 26
Author: Aditya Siroya
Globally, plastic waste management is in dire need of reform. Where there are powerful innovations, there isn’t enough finance to fuel them. Where there are crippling waste management problems, there isn’t infrastructure in place to address them. Where there are supply chains heavily reliant on plastic, there aren’t enough circular economy models and solutions scaled up to transform them from the inside out.
We saw the potential for plastic credits early on when rePurpose Global began. The only difference then was that there wasn’t nearly enough mainstream dialogue on the emerging plastic credit market. Today, it is encouraging to see that this promising financial instrument is finally getting the attention it deserves.
In January 2021, The Circulate Initiative (TCI) published a report highlighting 11 proposed best practices to improve the efficacy of impact creation within the plastic credit market. This forum is well-timed as the plastic credit industry debates how to maximize impact and prevent unintended consequences.