Companies and other entities are buying 'plastic credits' allowing them to offset every ton of plastic they make with an equivalent amount of plastic waste collected and taken out of the environment elsewhere — often in poor nations lacking waste management programs.
Regulation, alongside consumer pressure, has developed a strong appetite to progress delivery of more sustainable solutions into the market, thus generating higher demand for recycled materials.
New research into selected geographical regions across Vietnam, for example, finds that the majority of plastic waste is being recycled by informal workers in craft villages. These waste pickers need to be given a voice.
Recycling keeps some plastic out of waterways, but it is no silver bullet for ocean pollution. Ryan Schoenike of OceanCycle tells Eco-Business how recycled plastic certification works, and how his firm is faring in a sector rocked by Covid.