JakartaGlobe-Feb 26, 2022

The government has said that it is mulling whether to implement a plastic credit scheme in a move to address mounting concerns about plastic waste in the country, although an expert has expressed concerns that such a scheme could allow producers to shift their responsibilities to others. A plastic credit scheme works in a similar way to the carbon credit scheme that was first introduced in the 1997 Kyoto Protocol. Under the plastic credit scheme, a certain quantity of collected and recycled plastic is converted to a unit of “credit” that can be sold to plastic creditors seeking to reduce their plastic footprints. The funds raised from the credit transaction are then used to finance initiatives to collect and recycle plastic waste following audits by a third party to confirm how much plastic waste has been collected or recycled and how much credit is sold to the buyers. The government has been requiring producers to limit the use of plastic in their product packaging and resort to more environmentally friendly alternatives as mandated by Environment and Forestry Ministry Regulation No. 75/2019, which aims to reduce waste generation, including plastic waste, by 30 percent by 2030. Read more at: https://www.thejakartapost.com/paper/2022/02/26/government-mulls-implementing-plastic-credit-to-reduce-waste.html.