Waste Prevention, Circularity, and Environmental Recovery
The BWCS aims to mobilize financing for projects that prevent waste and material losses, keep products and components in use, and recirculate materials. It also covers the recovery of biological resources and nutrients, the removal of waste from the environment, and the prevention of waste leakage.
Each Verified Waste and Circularity Credit (VWCC) represents one unit of the additional outcome the project achieves relative to what would have occurred without it. The unit of measure depends on the outcome being quantified, which may reflect a physical, functional, qualitative, or social improvement.