11 Jan 2023 --- Plastic credits have been dismissed by some NGOs and multinationals as a greenwashing mechanism that distracts from plastic reduction and exacerbates “waste colonialism.” However, environmental consultancy South Pole, which offers a certified plastic credit program, has hit back at critics, claiming that closely regulated systems can support the transition to a circular economy by directing much-needed finance to sustainability projects. So-called plastic credits are commonly defined as a certificate representing the environmental service of one metric ton of plastic waste removed from the environment or recycled.
