Verra Plastic Waste Reduction Program

Enriched International · Found: 2026-03-11 12:52

Market-based plastic credit standard that assigns monetary value to plastic waste reduction and recycling efforts. Enables companies to fund waste recovery initiatives and demonstrate circularity commitments.

Source: https://verra.org/programs/plastic-program

Funding Details

Contact

Email: PlasticStandard@verra.org

Last Checked

2026-04-20 10:23

Application Checklist

Eligibility

• Project must collect and/or recycle plastic or composite materials to be eligible to issue Plastic Credits
• Project proponent must be able to open a Verra Registry account and pass Know-Your-Customer (KYC) background checks

Project Scope

• Project activities must demonstrate additionality — impact must be above what would occur in the absence of the project (baseline rates)
• Project must apply either the Plastic Waste Collection Methodology (PWRM0001) or Plastic Waste Recycling Methodology (PWRM0002)

Required Documents

• Prepare a Plastic Project Description document using the official Verra template (v1.0)
• Submit Plastic Project Monitoring Reports using the official Verra template after each monitoring period

Constraints

• Engage and contract an independent, Verra-accredited Validation/Verification Body (VVB) for project validation and periodic verification
• Program fees apply per the Verra Program Fee Schedule v1.0 (October 2024); review fee impacts before project development

Historical Context

Program development began January 2019 with the Plastic Standard Development Committee (PSDC). Program officially launched February 10, 2021. Fee schedule updated October 2024. Corrections and clarifications to program rules published February 2024, August 2024, and December 2024. Program is actively maintained and open for new project registrations.

Why it was added

Plastic credit mechanism financing waste management and recycling infrastructure, relevant market-based funding tool

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Change History

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