Offset, Ban, Or Tax? The Best Way to Deal with Plastic Waste

Consumers in the Philippines have a new option when it comes to getting rid of their plastic: They can buy plastic " offsets" to help offset the amount of plastic they create, the Manila Times reports.

Nanette Medved-Po, a social entrepreneur, started the Plastic Credit Exchange in the country last year, and since then, more than 31,063 metric tons of plastic waste have been removed from the environment through the program.

Most of the waste - about 95% - is sent to a processing plant, where it's "co-processed" into coal or oil for cement kilns, PCX's standards and compliance manager says.

But not everyone is impressed.

"Policies on EPR [and] plastic off-setting can help partially address the plastic crisis and encourage producers and consumers to curb their plastic appetite," an EcoWaste Coalition Plastic Campaigner tells the Times.

"However, these policies fail to address the critical problem, which is there is too much plastic being produced."

PCX's main partner is Friends of Hope, a nonprofit that runs a waste-to-cash program.
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A team of young student entrepreneurs from Yorkshire’s St Bede’s Catholic Grammar School have scored £2,500 in cash and a £500 seed fund for Trash4Cash – their idea of a recycling business.




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