Circular Credits Mechanism Standard and implementation guidelines for socially inclusive waste recovery activities
Circular Credits Mechanism Standard and implementation guidelines for socially inclusive waste recovery activities
This document describes the main features of the CCM Standard, as well as the Implementation Procedures to guide users.
The CCM aims to provide a simple and fast financial tool to facilitate payments for environmental services that improve waste recovery and destination, while also improving the social conditions of waste workers. As with any financial tool, it is managed responsibly so as not to become an easy alternative for waste producers and generators to abandon reduction and reuse efforts, especially those with legal compliance obligations.
While only governments have the power to define the conditions under which credits could be accepted for compliance, CCM encourages credit buyers to have waste prevention/reduction plans in place, using CCs only as a complement to their upstream solutions.
The 2024 document consists of a comprehensive review, consolidation and complementation of the following documents, which are no longer in force and are entirely replaced by this document.
- Circular Credits Mechanism Concept Note (V3 – June 2020)
- Circular Action Hub and Circular Credits Mechanism (CCM) Principles & Criteria (V1.2 – July 2020)
- Circular Action Hub and Circular Credits Mechanism (CCM) Implementation Guidelines and Operational Procedures (V1.2 – July 2020
