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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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Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
Social Entrepreneurship: Meet the Disruptors of The World Of Philanthropy
William D. Eggers and Paul Macmillan of Dowser write about the social entrepreneurs slowly and steadily dirsupting the world of philanthropy. According to Forbes, philanthropy disruptors are those that believe “no one company is so vital that it can’t be replaced and no single business model too perfect to upend.”
