Plastic Credit Exchange (PCX), a global plastic waste solutions initiative led by Filipino entrepreneur and philanthropist Nanette Medved-Po, will join the push to eliminate plastic pollution in the upcoming International Negotiating Committee (INC) in Nairobi, Kenya from Nov. 13 to 19, 2023.
The INC meeting is set to gather members of a high-level group under the United Nations to craft a landmark international law against plastic pollution and conservation of the marine environment with the aim of meeting targets by 2025.
Medved-Po, founder and Chairperson of PCX, will join the official Philippine delegation. She will be giving her insights on designing and implementing financing mechanisms to reduce plastic pollution like the Extended Producer Responsibility mechanism.
“We actually could be the generation that solves the plastic pollution crisis,” said Medved-Po.
“Even in a very imperfect world, we have proven that plastic waste can be cleaned up at scale. That signals that there is hope," she added.
Medved-Po has previously been sharing her advocacy and experiences in international conferences such as the second meeting of the UN Environment Programme's (UNEP) International Negotiating Committee in Paris, the World Trade Organization (WTO) Public Forum in Geneva, Forbes Sustainability Leaders Summit during New York Climate Week and The Economist Impact’s Global Plastics Summit in Bangkok.
She has discussed the Global Plastics Treaty, and advocates for more private and public partnerships, regional collaboration and capacity sharing in order to strengthen the circular plastic economy.
As part of its mission to clean 80 years worth of plastic waste in nature, PCX continues to partner with companies and local governments in diverting post-consumer plastic waste through responsible collection and processes.
At present, over 55 million kilos of plastic waste from nature has been diverted by PCX, along with 67,000 tons of carbon reduced from coal replacement.
Its solutions also comply with the mandated policies under the landmark Philippine Extended Producer Responsibility (EPA) Act of 2022, wherein large corporations are compelled to recover and divert 20 percent of its plastic packaging footprint by 2023; 40 percent by 2024; and 10 percent annually in the succeeding years. It targets 80 percent of plastic waste diverted by 2028.