At talks on cutting plastics pollution, plastics credits are on the table. What are they?

NAIROBI, Kenya (AP) — Two groups that want reduced plastics production published a report Friday highly critical of plastics credits, calling them a flawed tool that won't help with worldwide pollution from the material.

The groups — Break Free From Plastic and the Global Alliance for Incinerator Alternatives — said the credits often amount to corporate greenwashing. They issued their report in Nairobi on the sidelines of United Nations-led negotiations for a treaty aimed at cutting plastics pollution.

They analyzed publicly available databases of two prominent proponents of plastic offsetting, the accreditor Verra and the Plastic Credit Exchange marketplace. Their report cited “serious flaws” in financing, transparency and basic auditing, and said credits being issued for plastic incinerated in cement kilns were substituting one form of pollution for another.

Verra, the world's leading certifier of carbon offsets, said in a presentation alongside the talks that plastic credits can be a tool for mobilizing the money needed to tackle plastic pollution.

“The finance associated with the treaty is near as important as its ambition,” Kristen Linscott, senior program officer for plastics policy and markets at Verra, said in a presentation. “Without the proper funding mechanisms and tools, even the most ambitious treaty won’t deliver its promised impact.”

WHAT ARE PLASTIC CREDITS?

Plastic credits, sometimes called offsets, work a bit like the carbon credits that many fossil fuel companies have purchased to try to offset their greenhouse gas emissions. The concept involves companies or people paying for a specified weight of plastic to be collected somewhere in the world, generating a credit that justifies their production or...