Climate finance
Development of plastic offset projects.
To reduce the global plastic pollution.
Global plastic consumption is estimated at 350 million tons annually, most of which is not recycled and instead becomes waste. In recent years, several initiatives have been launched to reduce plastic waste, the most prominent being the UN’s 2022 resolution to draft an international treaty mandating action on global plastic pollution. Numerous organizations, including commercial corporations and international bodies such as the World Bank, have introduced initiatives to minimize plastic waste.
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As a tool to reduce plastic pollution, trade mechanisms have been developed to enable various entities to secure funding for waste collection (WCC) and recycling (WRC) projects. These mechanisms operate similarly to the international carbon trading market. Plastic waste reduction can be registered within one of the accepted trading mechanisms, after which a reduction certificate is issued. These certificates are tradable and help companies and international organizations meet environmental protection goals. The market for trading plastic waste reduction certificates is growing and is expected to expand at an annual rate of 8% through 2029.
Our services
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EcoTraders has extensive experience working with international trading mechanisms to advance ecological goals. We provide comprehensive support throughout every stage of the project, working with international verification and validation bodies to ensure success and compliance with strict standards in the field.
Additionally, EcoTraders specializes in handling all types of transactions, including organizing international tenders, forward contracts, and one-time (spot) contracts.
Steps in the Process of Issuing Tradable Certificates:
Preparation of Project Documents
Validation
Project Implementation
Verification
Certificate Issuance
A detailed description of the planned project, addressing compliance with all required criteria of the registration mechanism.
An external auditing body evaluates the project to determine whether it meets the necessary international standards.
Actual collection or recycling of plastic, in line with the declared project goals.
An external audit body confirms that the project has achieved its stated targets and authorizes the amount of plastic treated.
Upon successful completion of the process, tradable certificates are issued.
Why EcoTraders
EcoTraders is the only Israeli firm to have successfully navigated all stages of the Clean Development Mechanism – from methodological development to commercialization of the credits – and has generated approximately EUR 25 million in revenue for Israeli projects.
