Plastic Credit Exchange (PCX) is a project based in the Philippines that has been designed to combat plastic pollution and create sustainable practices while promoting a circular economy. The coverage area mainly includes Metro Manila, Cebu, and Davao. The main stakeholders are the businesses, governmental agencies, and communities that have established and operate plastic collection and recycling centers to help manage the plastic credit system. It is also to raise awareness on plastic pollution and sustainable practices.
The PCX works with businesses to calculate their plastic footprint, feasible strategies to reduce plastic consumption, and identify a baseline. Based on that baseline, the PCX then aids the business in purchasing plastic credit to offset their plastic production, ensuring they meet the target reduction. These plastic credits are then used to fund research and development for eco-friendly alternatives for community waste management projects. The PCX has implemented technology solutions such as the plastic tracking and traceability system where it tracks and monitors the plastic waste through its lifecycle to ensure transparency and accountability.
Government agencies like Department of Environment and Natural Resources (DENR) and Environmental Management Bureau provides guidance and coordination to the PCX. Technical expertise and funding are also provided by the UNDP and ADB.