Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

World News

EU provisionally OK’s law to cut packaging waste

by March 5, 2024
March 5, 2024
EU provisionally OK’s law to cut packaging waste

BRUSSELS — The European Union (EU) has reached a provisional deal on a new law to cut packaging waste and ban single-use plastics, such as supermarket bags for fruit and mini hotel shampoo bottles in hotels, albeit with exemptions for certain sectors.

The European Commission proposed a revamp in 2022 of rules governing packaging waste, which in the EU has jumped by more than 20% in the last decade, driven by online shopping and “grab and go” consumption habits.

Each European generates almost 190 kg (419 pounds) of packaging waste per year.

Negotiators from the European Parliament and Belgium, which holds the six-month rotating EU presidency, agreed late on Monday on packaging reduction targets of 5% by 2030 and 15% by 2040 and that all packaging should be recyclable by 2030.

By then, a ban will apply to single-use plastic items such as disposable plates, cups and boxes used by fast food restaurants, shrink-wrap for suitcases at airports and lightweight bags, such as offered in markets for groceries.

There will also be a ban on “forever chemicals” (per- and polyfluorinated alkyl substances or PFASs) in food contact packaging.

The EU will also apply re-use targets, such as 10% for take-away packaging and for drinks containers, except those for wine or milk. Cardboard will also be exempt, as countries such as Finland had sought.

Negotiators agreed that empty space should make up no more than 50% of packaged goods, putting an end to oversized boxes for online deliveries.

The targets as a whole will not apply to very small businesses.

The agreement still needs approval from the European Parliament and EU governments, which is not a given in the lead-up to EU elections in June. — Reuters

previous post
Singapore’s exclusive deal with Taylor Swift not a hostile act towards neighbors, PM says
next post
Trial begins in Vietnam’s largest, multibillion-dollar financial scam

Related Posts

GSK to cap out-of-pocket inhaler costs in US

March 21, 2024

Australia’s world-first social media ban for children under...

November 29, 2024

China’s emissions, efficiency targets under threat after falling...

March 12, 2024

Protecting Palestinians a moral imperative, Pentagon chief tells...

March 27, 2024

Boeing whistleblower who raised safety concerns found dead

March 12, 2024

Thai scientists breed coral in labs to restore...

March 22, 2024

Zelensky urges leaders to send arms as ‘artificial’...

February 18, 2024

US raises commercial and market access issues with...

April 5, 2024

Australia, SE Asian nations call for restraint in...

March 6, 2024

Floods in South Asia expose gaps in regional...

October 10, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • 4 Senate amendments to Trump megabill that failed — and 1 that passed

      July 1, 2025
    • Pope, State Department condemn latest massacre of Christians by Islamist militants in Nigeria

      July 1, 2025
    • Dems vow to fight ‘tooth and nail’ as Supreme Court takes up campaign finance case

      July 1, 2025
    • Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

      July 1, 2025
    • Trump’s achievements embolden him to be even more aggressive

      July 1, 2025
    • Republicans scrap deal in ‘big, beautiful bill’ to lower restrictions on states’ AI regulations

      July 1, 2025

    Categories

    • Business (1,288)
    • Politics (6,222)
    • Stocks (904)
    • World News (460)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved