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UPM cooperates with Plastic Bank to support Plastic Waste Avoidance and Recycling in the Philippines
Climate mitigation GHG Emission Reduction Renewable energy SDG13 household biogas Sustainable Development Plastic Waste
On today’s International Day of Zero Waste, UPM is pleased to announce the launch of its cooperation with Plastic Bank to support plastic waste avoidance and recycling in the Philippines. To this end, UPM has committed to purchasing one plastic avoidance credit (representing 2 kg of plastic waste collected and reused by local communities in coastal regions of the Philippines) for each GS VER sold from its Xuyong Household Biogas Project in China’s province of Sichuan (GS 1033). With 6,874 available GS VERs, this shall result in stopping 13,748 kg of plastic (equivalent to approx. 690,000 plastic bottles of 500 ml) from entering the ocean while helping local plastic collectors transcend poverty.
Plastic Bank is a social enterprise based out of Vancouver, Canada, empowering a Social Recycling movement. Its collection communities collect and exchange ocean-bound plastic waste as currency for income and life-improving benefits, including health, work and life insurance, digital connectivity, grocery vouchers, school supplies, fintech services, and more. Exchanges are recorded through the PlasticBank app, backed by Plastic Bank’s proprietary blockchain-secured platform that enables traceable collection, secures income of local supporters and verifies plastic avoidance reporting. The collected material is processed into Social Plastic feedstock for reuse in products and packaging by some of the world’s most progressive companies. Plastic Bank currently helps reducing ocean-bound plastic in the Philippines, Indonesia, Thailand, Brazil, Egypt, and Cameroon.
“Over 8 million tonnes of plastic waste end up in the sea year by year and in a few years we might have more plastic in the oceans than fish. By combining verified GHG emissions reductions from our Gold Standard certified Xuyong Household Biogas Project with an additional commitment to protecting our oceans and sensitive marine ecosystems from harmful plastic waste and to improving the lives of underprivileged people in the Philippines, we want to apply innovative market-based solutions for achieving both climate change mitigation and sustainable development for the most vulnerable population groups”, explains Martin Dilger, UPM’s Managing Director.

If you want to support UPM’s new initiative, your contacts at UPM for the Xuyong Household Biogas GS VERs and the corresponding plastic waste avoidance and recycling activities in the Philippines are:

Martin Dilger, Managing Director, UPM Germany
mdilger(at)upm-cdm.eu, T: +49 89 1222197 – 50

 

 

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