Do You Know What Is Plastic Credit?

Do you know what is plastic credit? Plastic credit is a transformative way of funding to give a catalytic effect to our transition toward the circular economy. Growing awareness of the matter is related to a sustainable solution to the plastic pandemic. Plastic credits are associated with the local need and the global system of plastic management. Let’s explore the topic of plastic credit.

What Is the Plastic Pollution?

The global scenario of plastic waste is getting worse day by day and the reason behind this plastic epidemic is our irresponsible activities toward the environment. 

Though it is sounding alarming it is a fact that every year we are producing a lumpsum amount of plastic waste which is more than the combined weight of the entire humanity. 

Data says, in the year 2020, the total production of new plastic is over 370 billion kg which is on a tragic note, more the 320 billion kg, the total weight of the combined human population on the planet.

In our country, we are producing 25000 metric tons of plastic every day. Isn’t it a horrible situation? Yes, it is, we are producing such an amount of single-use plastic that we can’t recycle. The problem needs a sustainable and effective solution to lessen the hazardous effects of plastic on the ecosystem.

What is Plastic Credit?

The plastic credit model of EPR compliance is an initiative to bring an ethical & sustainable solution to the problem of plastic pollution. Plastic credits are considered as an effective procedure to remove or recycle excess plastic waste from the environment. The concept of plastic credit is inspired by the carbon credit model which was crafted to reduce excess carbon emissions. 

According to a study by the World Wildlife Fund (WWF), “a plastic credit is a transferable unit representing a certain quantity of collected and perhaps recycled plastic from the environment”. 

Two key role players are involved in a plastic EPR model. One is the organizations that use plastic during the production of their products and packaging. Another one is the projects that collect plastics from the environment and recycle them into new products. 

The Association of these two companies is very important to running a successful plastic EPR model. An EPR company takes the responsibility to recycle the similar amount of plastic that they produce and eventually comes into the landfills. As per them, plastic credits are one of the best options to reduce plastic waste.

How Does Plastic Credit Work?

The working mechanism of plastic credits is interesting. For An EPR company, how much quantity of plastic waste, it is keeping in the environment is called the plastic footprint. After calculating this data, the company can proceed to purchase the same amount of plastic credit as per its plastic footprint. So, if a company has a plastic footprint of “X” kg., it can purchase plastic credit of “X” kg.

The amount one company is paying to purchase plastic credits is given to one particular project. Now, it comes under the liability of that project to collect or recycle the same amount of plastic waste of plastic footprint. At the end of the entire process, the company can call itself plastic-neutral.

How Much Successful Plastic Credit Is?

The plastic crediting system is a waste management significant tool. But if it is not implemented correctly, it can cause harm to the waste management process.

Plastic credit can initiate misleading claims of “plastic neutrals” and other potential terminology around offsetting.  

Another danger is that work on Extended Producer Responsibility (EPR) implementation may be hampered. EPR has been recognized by the WWF as a required and effective strategy in the fight against plastic waste. There is particular fear that widespread adoption of crediting activities would either not coordinate with local EPR implementation or will be perceived as a suitable substitute for EPR. It needs to be observed if voluntary credit systems will help or hinder the adoption of EPR policies by governments. Participants should be aware that bespoke programs have the potential to obstruct beneficial interventions.

Conclusion –

The approach of plastic credit intends to legalize the recycling sector by providing waste management organizations and recyclers who have adopted the plastic credit model with larger monetary advantages. This concept has the potential to revolutionise India’s urban environments by providing waste management agencies with stability and scalability, allowing for faster recycling. 

Furthermore, the PWMR mandated plastic makers to offset their responsibility by finding a recycler within the same month in the geographic area where their product is distributed. This will assist both the local biodiversity and the people who work in the recycling industry.

What is The Connection Between EPR Plastic & Environment?

Do you know what is the connection between EPR plastic & environment? Every year, more and more waste is ending up in the environment and keeping a harmful effect on mother earth. Data says that in our country, India, a swelling number of 15,342 tonnes of plastic is generated every day. Have you ever thought that what detrimental the condition of the environment would be if the plastic generation is not controlled properly? Well, a sustainable solution to this sensitive issue is “Extended Producer Responsibility” or EPR. Let’s try to explore the topic.

  • What is Plastic?

Plastic is basically virgin granules that are made from the cracking of petroleum. Plastic was introduced to the market by FMGC companies while they took the help of plastic regarding the packaging of consumer goods like packaged food, shampoo, oil, body lotion, etc.       

Due to the cost-effective and convenient nature of plastic, usage & consumption of plastic increased every year, since its invention in the 18th century. As per data, it is more than 380 million tonnes of plastic that the world is generating now per year.

  • What is Plastic Waste?

On completion of the utility of the products, the consumers through away these plastic items which ultimately creates waste. Plastic Waste is a major concern as plastic remains forever in the environment and it affects the biodiversity of the earth. Plastic waste creates plastic pollution that causes harm to wildlife, birds, humankind as well as the entire environment. Plastic waste has spread in such a way that we can find it from Antarctica to Mount Everest everywhere. According to data from the Indian Govt., plastic waste generation has increased from 2015-16 to 2019-20 by 21.8 % which is almost double. In the year 2019-20, around 34 lacs of plastic waste were generated which is quite an alarming fact.    

  • How Plastic Can Cause Harm to the Environment?

Plastic stays in the ecosystem for a long time, creating a hazard to wildlife and spreading pollutants. Plastic plays an important role in global warming as well.

Almost all plastics are manufactured from chemicals that come from the production of planet-warming fuels like gas, oil and even coal. So, indirectly by using plastic, we are making way for polluting fuels.

Also, when plastic is burned in incinerators, it releases greenhouse gases and hazardous air pollution.

The amount of plastic we through away every day, only a small percentage of that is recycled or burnt in waste-to-energy plants. Much of it ends up in landfills, where it can take up to 1,000 years to degrade, releasing toxic chemicals into the soil and water.

When plastics are broken down, it signifies that one large piece of plastic is broken down into several smaller bits. Smaller animals can eat these smaller particles of plastic which are still indigestible, resulting in rising rates of species extinctions.

  • What is EPR?

Extended Producer Responsibility or EPR is a sustainable waste management concept that was established by Thomas Lindhqvist in 1990. EPR compelled the world to think that the financial liability of a municipal corporation regarding waste recycling can be shifted to the producers and the brand owners whose responsibility toward the society is something beyond only production.   

In the year 1992, the concept of EPR was spread globally at the Rio de Janerio Earth Summit and most of the European Nations started to implement this noble concept in their countries.

In India, this concept was first implemented in 1986 through the Environmental Protection Act describing the Polluter Pays principle. Meanwhile, many rules regarding plastic and E-waste management came and went until and unless EPR was implemented in 2016 by government enforcement.

Initially, it was comprised of only e-waste management but later plastic waste management also went under its jurisdiction.

  • What is the Significance of EPR on the Environment?

EPR plastic management concept is an environmental risk management tool. It encourages manufacturers to adopt comprehensive life-cycle costs, accounting for all costs associated with their products. The Action Plan aims to reduce the toxicity and environmental risks posed by products and product waste, as well as to improve the overall life-cycle performance of the product, including lowering greenhouse gas emissions. So, it can be safely said that the EPR scheme is a revolutionary system to streamline the process of environmental pollution due to harmful plastic where an EPR company like a brand, packaging company, importer, or goods producer stays in the pivotal position to keep the packaging plastic material out of the environment, focusing to maintain the circular economy.

  • Conclusion: –

Data says that plastic production globally has increased doubled reaching the number 460 million tons from the year 2000 to 2019. For India, the data is around 34 lakh tons. Unfortunately, only less than 10% of the lot is recycled globally. Nearly two-thirds of this plastic waste comes from plastics that have lifetimes of under five years, 40% coming from packaging, 12% from consumer products and 11% from apparel and textiles. Implementation of the EPR plastic management system faces challenges in terms of lack of understanding of consumers on the nature of waste, poor infrastructure, gaps among recyclers, aggregators, and waste generators, etc. Successful implementation of this effective legal tool is associated with awareness of every individual and corporates and government, working together on plastic waste management, synchronization of all these can lead to a plastic-free healthy environment.    

What Is Microplastic Contamination?

Plastic is one of the most common and best-known types of trash, but few people understand the potential impact that it could have on our environment, and in particular on marine life. The global environmental crisis of the oceans has been attributed to the overproduction and consumption of single-use plastics. It is estimated that 8.3 billion tons of plastic will exist in the world by 2050. With little change to current trends, this could involve approximately 20 billion tons or more than 400 billion pounds of plastic packaging for goods and other materials worldwide.

Roughly two decades ago, plastic was not nearly as pervasive in our environment as it is today. We’re now spending years recognizing the consequences of our excessive plastic use for marine life, coastlines, and more. Microplastics are fragments that range in size from smaller than a millimeter to more than five centimeters. In many cases, they come from larger pieces of plastic that have been broken down by UV rays or pressure. They come from large plastic objects degrading when exposed to the sun, the plastics decompose over time. They can’t usually be seen with the naked eye and while most particles of microplastics come from bigger pieces, these small particles do cause a lot of harm. They’re accumulating in our environment and end up polluting the natural world around us.

Birds have been found with microplastic in their digestive tract, which is what makes up 20% of the weight of some seabirds’ stomachs. They originate from debris breaking up in the environment, like plastic bags and single-use drinking containers. Water can move these smaller particles into water bodies. More than 8.8 billion metric tons of plastic have been produced since the first large-scale production, and only 9% of that has been recycled. So it’s not surprising that so many animals are ingesting the tiny pieces as they go through waste disposal systems, as byproducts of recycling processes, or from edible food-wrapping products made from plastics.

More and more attention is being given to the environmental impact of plastic garbage, but it’s still not clear just how much of an environmental hazard plastics particles really are. EPR company is the way they have helped with plastic recycling. Only 2 out of 14 types of plastics are recyclable in this country, but with the help of EPR, 88% of all plastic could be reused. Up to 5 trillion plastic particles of debris exist in the ocean and end up on shorelines of countries throughout the world. Marine animals inadvertently eat tiny bits of plastic and they can’t digest it. It starts a domino effect that we witness when we eat fish with high concentrations of mercury or PCBs. These toxins make their way back into our bloodstream. Blood samples from around the world were analyzed by researchers and showed traces of tiny pieces of plastic, some as small as 2mm.

There is a huge and growing problem with plastic particles floating around in the environment. If we don’t take care of this problem soon, we will accumulate an unimaginable amount of plastics as time goes on.

Ecoex has come up with a solution to the hazardous issue. As an EPR compliance service provider, they can try and reduce the amount of plastic we use and produce by providing a digital trading platform for buying & selling plastic waste between producers, manufacturers, recyclers all over India. Besides, this would not be a long and arduous process. Our team works on the EPR business model to maintain the ecological balance through plastic credit certificates. We are all at the point of making the right choice. It’s time that we consciously take responsibility and create our beautiful future. Understanding the ecological implications of plastic is a necessary first step and it can’t happen without individual equal engagement. Inculcating a contamination-free lifestyle is not an easy task, but all of us have a major role to play in it. The next generation deserves no less than an uncontaminated environment for all.

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The Environmental Impact of Plastic Pollution

Plastic has become one of the most used and versatile materials in the world today and our lives would be incomplete without it. You’ll find plastic in almost everything around you—in your furniture, kitchen appliances, vehicles, toys, utensils, clothes, and so on. While there are many benefits of using plastic, it has become a serious cause of concern when it comes to its impact on the environment. The environmental movement has gained momentum over the past few decades, particularly with the introduction of plastic recycling.

However, as this movement continues to grow, so does the amount of plastic waste that we generate. And as much as we know about how to recycle, there may be still some pieces of plastic that you’re not aware of. Plastic waste has been making the news lately, and not in a good way. It seems like you can’t turn on the TV or flip through your social media feeds without seeing something horrific news about plastic pollution. You might be wondering what all the hubbub is about and if you should be concerned about plastic use in your daily life.

Plastic may be convenient, but it comes with serious consequences for the environment. Plastics are made from fossil fuels, which means they’re a non-renewable resource. It also means that petroleum-based plastics generate carbon dioxide, contributing to global warming. Plastic waste has created dreadful problems all over the world, from our oceans to our landfills and even to our stomachs. It’s time to rethink your use of plastic, especially if you’re an environmentally-conscious consumer who wants to live more naturally and sustainably.

In 2008, 14% of greenhouse gas emissions came from plastic manufacturing and disposal. Not only is that a lot of pollution, but it also contributes to climate change. If we want to save our planet, we need to reduce our reliance on petroleum-based plastics and look more into diverse recycling solutions. The possible alternatives like bioplastics and paper products, won’t pollute our air or water and emit harmful greenhouse gases into our atmosphere.

As you can imagine, all that waste ends up in landfills and waterways, where it can stay for thousands of years without breaking down. Plus, it takes a lot of fossil fuels to produce plastic bottles from scratch. In fact, more than 8 million barrels of oil are used annually to manufacture plastic bottles. That’s why many environmentalists say we should focus on the plastic recycling process.

Animals have used ocean debris as sources of food and shelter but over 5 trillion pieces of plastic currently floating in our oceans. Just 36 years from now, there will be more plastics in the ocean than fish. In fact, some parts of our ocean have already reached the peak of plastic debris. This is why, as an EPR company, we have come up with an innovative solution to upscale the plastic waste management industry at every corner of India. We provide EPR Plastic Services by working on Extended Producer Responsibility or EPR business work model. Our team aims to help brand owners meet a vast pool of recyclers for their Extended Producer Responsibility obligation. India is moving at a high pace towards growth. But as responsible consumers, we should also think about the destruction that we are causing. If the plastic wastes are not taken care of, the situation will worsen more. Not only India, but the whole world will also collapse one day and we are just counting the days. It is not too far from us. Our only goal is to make a pollution-free environment for our future and growth. If a small contribution is able to maintain the balance of the ecological system, then our future generation would be blessed.

Future scenarios of global plastic waste generation and disposal

The foundation of today’s fast-paced world is laid on the bricks of plastics. Undoubtedly, Epr plastic has innumerable uses, but humans have become dependent on single-use or disposable plastic. Plastic pollution has become one of the most pressing environmental issues, as the rapidly increasing production of disposable plastic products overwhelms the world’s ability to deal with them.

Almost a million plastic bottles are purchased in a minute around the world. And studies show that around 5 trillion plastic bags are used worldwide in 1 year. Looking at the total plastic production, we can conclude that half of the plastic produced is only for time use.

Analysing the impact of plastic pollution, the negatives are far more than the positives. So the question is, how did we get here?

Plastic was produced in significantly less quantity during 1950-70, and hence it was easy to manage the plastic waste at that time. By the 1990’s it tripled, and in the early 2000, plastic waste increased in a single decade than it had in the last 40 years.

Today, 300 million tonnes of plastic waste is produced every year, equal to the weight of the entire human population on this planet.

Slowing down our plastic production is the need of the hour. But we also need to ameliorate how we manage our plastic waste generation.

79% of the plastic waste ends up in landfills. Only 9% of the plastic waste is recycled. A recent survey showed that the most common plastic found in the environment is a tiny plastic in the filter of cigarette butts. The next common items are bottle caps, drinking bottles, straws and food wrappers. Almost all of us use these plastic products every day.

Plastic is a significant contribution to ocean pollution as the rivers carry all the plastic waste along with them. A total 8 million tonnes of plastic ends up in the oceans every year. Rivers work like a conveyor belt carrying more and more garbage(plastic) as they move downstream. Once the trash reaches the ocean, it travels around the world.

90% of the plastic waste that ends up in the ocean is carried by 12 rivers are Niger, Nile, Indus, Meghna, Brahmaputra, Ganges, Hia He, Amur, Mekong, Huang He, Chang Jiang, and Zhujiang.

We all know that any kind of plastic waste on mother earth- whether water bodies or on land can persist for more than 100 years. Plastic waste never disappears; it only breaks down into smaller particles. The properties that make plastic so worthwhile for us are the same properties that make it infeasible to break down.

Thousands and millions of animals are killed because of the plastics in our rivers and oceans. Many marine animals swallow plastic bags and other tiny plastic items, destining them to our dinner plates.

In a very few decades, plastic pollution has created an unimaginable impact on our ecosystem. But still, some hope is left. Human beings created this problem, and human beings also have the power to reverse this problem or at least slow down the noxious impacts of plastic pollution.

If the current scenario continues, our oceans will have more plastic than marine animals in the near future.

Now the time has come for human beings to stop turning a deaf ear to this problem and take action. Reducing our dependence on plastic products is the need of the hour. By recycling and reusing products, we can definitely reduce the devastating impacts of plastic pollution.

Why Plastic Recycling?

  • Recycling plastic reduces the release of carbon dioxide and harmful gases into the environment.
  • Plastic recycling conserves the space used as landfills.
  • It makes it possible to use those landfills for other purposes.
  • Recycling saves petroleum that producers may use to make new plastics.
  • Plastic recycling lessens the energy that manufacturers consume in creating new products.
  • Plastic recycling prevents global warming.
  • Plastic recycling reduces the emergence of all forms of pollution.
  • Plastic recycling provides income for volunteers who collect plastic waste.
  • Plastic recycling helps reduce activities like deforestation that happen when making new plastic.

Well, while relaxing on the beach, no one wants to think how the sea has become a trash soup. So it’s high time that we should create awareness about plastic pollution and try our best to reduce single-use of plastic.

Top 8 Ways To Reduce Plastic Waste?

Plastics have become an inextricable component of our everyday life. While plastics are undeniably convenient, efficient, and make all of our lives a little simpler, they have resulted in significant worldwide plastic pollution for which the world has no definite remedy. Because of its pervasiveness, giving it up may be tough; it necessitates not just a change in behaviour, but also a shift in mentality. Plastic is problematic because it is non-biodegradable and therefore lasts much longer (for example, up to 1000 years) than other types of trash.

Fortunately, organisations and governments all across the world are proposing policies to limit their environmental impact. However, there are things that every one of us can do to help stop plastic from spreading.

Here are methods to cut down on your plastic consumption.

  1. Avoid single-use plastics: Our lives are made simpler by plastic straws, plates, and cutlery, yet they have a significant environmental effect. If feasible, use metal, bamboo or use biodegradable plastics.
  2. Use cloth bags instead of plastic bags when you go shopping.
  3. Purchase in large quantities: Disposable containers abound (polystyrene trays, PET bottles, tetra packs, plastic containers, and so on), but more and more retailers are also providing bulk purchases of grains and rice.
  4. Reconsider your food storage options: Rather than using plastic baggies, wrap, or storage containers, consider utilising a bento box or tiffin.
  5. Microplastic-containing cosmetics should be avoided.
  6. Avoid using disposable rubbish bags by composting food waste.
  7. If you do use plastics, make sure to recycle them properly and in compliance with your local recycling regulations.
  8. Use a water bottle that can be refilled.

Plastic Waste Facts

  1. In 2020 we generated over 500 million tons of plastic waste, which is 900% higher than in 1980.
  2. Single-use plastics have a 12- to 15-minute functional life and can take up to 500 years to degrade.
  3. Every year, 500 billion plastic bottles are manufactured throughout the world.
  4. Ocean plastics will most certainly outnumber fish by 2050.
  5. More than 150 million tonnes of plastic waste have been found in the ocean.