EuPC, a trade association representing European plastic converters, has slammed the EU’s plans for a levy on plastic waste to encourage recycling. The tax, which has been presented by the European Commission as a “contribution to the EU budget designed to incentivise member states to increase recycling from plastic waste”, has led the European plastics industry to warn that it might have the opposite effect.
It is the view of EuPC (@EuPCplastics) that further fiscal measures are not the most efficient tool to drive the innovation and investment that is needed to meet the intended policy objectives of the Green Deal. “As the revenues of the EU plastic tax are not earmarked to be invested into the waste and recycling infrastructure, it will not increase the recycling of plastic waste in Europe,” said EuPC managing director Alexandre Dangis.
According to EuPC, improving the recycling of plastic packaging requires considerable investment by the entire plastics value chain in innovation, new machinery, and the ecological design of plastic packaging. With expected revenues of around €6-8 billion per year flowing into the general budget of the EU, the organisation points out that this money would no longer be available in terms of investment in the transition towards a circular economy.
Source: Bio Market Insights
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