That's certainly the case on a one plastic bottle to one glass bottle ratio, but I wonder just how energy efficient is making that bottle over the glass one? Twice? Ten times? A hundred? Then how many times will a glass bottle get reused on average? What sort of resources are used in the process of bringing them back and cleaning them?
This might be my bias as an Australian, tons of space but already having our natural wonder smashed by climate change, but I'm very uninterested in 'pro environment' moves that results in trading higher emissions for less land fill.
Although potentially an argument could be made that because ocean waste is less contained and more harmful than landfill, a 5-10% hike on plastic bottle drinks in low water polluting countries and using it to subsidise glass bottle drinks in high water polluting countries would be worthwhile.