One million plastic bottles are bought every minute and 500 billion bags are used every year, according to the UN.

With the Circular Economy Methodology for Encouraging Plastic Recycling, developed by ALLCOT, under the Voluntary Programme on Circular Economy (VPCE) establishedbyCercarbono and Basura Cero Global, developers of Circular Economy Materials Programs or Projects (PMEC) will be able to quantify and issue Circular Plastic Credits (CPC).

The main objective of this methodology is to increase and strengthen plastic recycling projects, encouraging formalization and improving the achievement of the Sustainable Development Goals (SDGs). Actions to end plastic pollution, such as recycling, are intrinsically related to social, environmental, and economic issues.

This methodology seeks to improve the rules of the game for the recycling industry and the collection of plastics from the environment and, with a primary emphasis on improving the quality of life for the communities involved in this sector.

Simultaneously, decision-makers and civil society will gain access to more precise, traceable, and verifiable information. This will create opportunities to reduce plastic waste in the environment and improve the livelihoods of millions of people.

Entities interested in registering their circular economy initiatives for obtaining circular plastic credits can contact ALLCOT for the development of the PMECs. Visit https://www.cercarbono.com to access the necessary templates for development and implementation, and go to www.ecoregistry.io/ to register your initiatives.

With this new methodology, in addition to contributing to the fight against global pollution, organizations will be able to diversify their sources of income and reduce their production costs.