The EPR regulation in the Philippines is one of the most aggressive policies in the world, requiring companies to take responsibility for 80 per cent of their plastic packaging waste footprint by 2028. “Properly accredited plastic offsets can deliver significant near-term impact and catalyze longer-term change. In addition, businesses must take responsibility for their plastic use and waste through voluntary action and compliance with Extended Producer Responsibility (EPR) schemes being implemented around the globe. “Plastic offsets and credits constitute a powerful, immediately available mechanism to inject capital into the plastic waste market, and should therefore be part of the solution mix delivering immediate and tangible environmental and socio-economic impact.” “There is no silver bullet that solves the plastic pollution crisis, particularly as the use cases and applications for plastic continue to grow faster than the alternatives,” says PCX founder and chairperson Nanette Medved-Po, who will attend the negotiations as part of the Philippine delegation. However, we must not wait for these structural changes alone. The United Nations Global Treaty on Plastic Pollution is a crucial policy framework but needs many tools and many years to implement and be effective. We must innovate and invest in the development of alternative materials, transform supply chains, and change our consumption models. Plastic pollution, climate change and biodiversity loss are highly intertwined and exacerbate each other, threatening our life on Earth.
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