The Revolutionary Impact of Verified Plastic Credit Schemes: A Catalyst for Sustainable Business Practices and Community Empowerment in Developing Countries

As the planet continues to grapple with pressing environmental and social challenges resulting from climate change, the need for businesses to take innovative and non-conventional actions to address these issues grows ever more apparent. Plastics are versatile and durable material and have become an integral part of our everyday lives. Whilst this is true, the pollution caused by plastic waste, and the carbon emissions associated with its production and disposal, come at significant cost to the environment. This chapter explores the revolutionary impact of plastic credit schemes with robust verification protocols and their role in instilling confidence among businesses to fund projects aimed at offsetting carbon emissions through plastic pollution interventions. It investigates the potential of these schemes to make a tangible impact in vulnerable communities while simultaneously addressing environmental concerns. Additionally, the use of blockchain technology as a means for enhancing traceability of plastic waste is discussed.