10,082.77 TRY BIST 100 BIST 100
4.50 CNY CNY CNY
34.71 EUR EUR EUR
32.40 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
44.34 TRY Interest Interest
88.24 USD Fossil Oil Fossil Oil
26.78 USD Silver Silver
4.59 USD Copper Copper
118.51 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,427.31 TRY Gold (gr) Gold (gr)

BIR emphasises the environmental benefits of recycling by developing its EPR position

At the World Recycling Congress in Abu Dhabi, it was announced that the International Recycling Bureau has set a new policy position on extended producer responsibility (EPR) and has started the process of publishing a new report on the environmental benefits of recycling.

BIR emphasises the environmental benefits of recycling by developing its EPR position

Alev Somer, Director of Trade and Environment, told the International Environmental Council on 23 October that the BIR held an internal workshop meeting on EPR in September before presenting a new position paper. Somer said that such programmes had grown from 30 in the early 1990s to 400 today and that EPR was now on the agenda of the UN, OECD and EU.

Somer shared three key messages from the BIR's draft position, which will be finalised at the World Council of Recycling Associations meeting:

EPR programmes should only be established when absolutely necessary, recognising that free and fair competition is vital to the recycling business model,
Governments should prioritise other policy instruments to increase circularity, such as legally binding targets for recycled content and design for recycling,
When an EPR programme is an absolute necessity, recyclers should be involved in management, ownership of materials should be retained by the recycling company that processes them, and tenders should be transparent and fair.
The BIR has previously published reports on the environmental benefits of recycling in 2008 and 2016, with an emphasis on metals. Somer told delegates that this time the scope will be broadened to include all commodities represented by the BIR and new elements: "We want to go beyond CO2 emissions and energy savings from recycling. "We are looking at other natural resource savings on a broader level, so we might include water consumption or transport emissions and make some comparisons between secondary and primary production," she continued. Somer said their aim is to provide more data to the BIR so that they will be in a stronger position when negotiating at a global level with the UN, OECD or EU. The report is expected to be presented at the BIR's Singapore Congress in October 2024.

The first speaker was Emmanuel Katrakis, Secretary General of EuRIC, the umbrella organisation for recyclers in the EU, who spoke about CBAM. Katrakis said CBAM aims to ensure that producers in Europe who already pay for carbon emissions are fairer when competing with those without such additional costs. "The aim is to set a carbon cap to adjust the price difference between them and other producers around the world," he said.

The second guest speaker, Adam Shaffer, Vice President of International Trade and Global Affairs at ISRI, the US recyclers' organisation, said carbon tax arrangements were not widely developed in the US. He explained that there are some aspects of carbon pricing in some east and west coast states, but there is no federal position and such a position is unlikely in the foreseeable future. Shaffer said the US wants its products to be exempted from the EU's CBAM policy and thinks there could be a potential appeal to the World Trade Organisation. He pointed out that trade in recycled materials was not directly affected.

The next BIR event will be held in Copenhagen on May 26-29, 2024.
A separate announcement will be made when the event address is confirmed.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye's pig iron imports increased by 111.6% in February

Tuesday, April 30, 2024

European rebar market fluctuates

Monday, April 29, 2024

Steel markets remain sluggish: Financial constraints and supply-demand imbalance impact

Monday, April 29, 2024

Allegation of VAT investigation on China's HRC exports

Monday, April 29, 2024

Kazakh delegation explores trade and cooperation opportunities in Afghanistan

Monday, April 29, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now