Rory Stewart, resources minister, announced during the Plastics 2020 conference held on the 25 November that the government are going to consult on revising the plastic packaging targets.
The UK recycling target in plastic has seen a steady 5% increase since 2013, with 2017 looking to achieve 57%. These were originally set in 2011 but following the ‘Plastic Flow 2014’ report, concerns were raised that data used by Defra when initially setting the five year targets were incorrect.
Recent years have seen this increasing target exacerbated by other external forces such as China’s ‘Green Fence’ policy and low oil prices (see our previous story here), causing PRN prices to fluctuate dramatically.
This year the plastic sector has already showed signs that it will struggle to achieve the required target with plastic recyclers Closed Loop going into administration. Recently, packaging recovery notes (PRNs) have seen prices hitting over the £70+ mark with no sign of easing. With concerns over achieving the 2015 target, things do not bode well for subsequent years.
As a result of this, Rory Stewart, resources minister, announced during the Plastics 2020 conference held on the 25 November that the government are going to consult on revising the plastic packaging targets. Furthering insight from Defra has indicated that they will present a range of proposals for revising the target.
Today, Defra has opened the consultation on both plastic and glass future targets. Responses are due by the 23 December with the results expected in April 2016. ecosurety will be submitting a response on behalf of its members and if you want to share your view please do get in touch. You can find out more about the DEFRA consultation by clicking here.
The revision of material recycling targets is not unheard of. Defra made a similar move in 2014 following corruption within the glass market which led to huge instability in prices in 2012 and 2013 (see our previous story here). This resulted in decreased pressure on glass and ultimately led to a stable price for producers.
Based on this precedent, ecosurety believe that conducting a similar review on the plastic target will be a positive step, whilst still ensuring the UK meet EU packaging targets without the need to place an additional cost burden on producers.
If you would like to speak to our specialists about your packaging compliance, please call us on 0845 094 2228.
James joined in July 2009 as the marketing account manager. Now managing director, James combines his past market experience and the work undertaken directly with companies to ensure all Ecosurety members benefit from the best possible price and expertise. In 2016 James won the Institute of Directors South West Young Director of the Year award and the Business Leader Rising Star Award. In 2017 he has been shortlisted for an edie Sustainability Leader Award, won a Business Green Leaders Award and featured in the Resource magazine annual top 100 list of the most influential people working in the waste industry.
on Thursday 29 November 2018 Join our compliance specialists at our packaging compliance seminarat Ecosurety Ltd, 1190 Park Avenue, Aztec West, Bristol, BS32 4FP.
This seminar is CPD accredited.
Join our account manager Josh Wytchard in this free webinar to understanding exactly what makes up your compliance costs with a refresher on how your PRN obligation is calculated and an overview of current market trends.Read More >>
This webinar is CPD accredited.
Join Josh Wytchard in this free webinar to understanding exactly what makes up your compliance costs with a refresher on how your PRN obligation is calculated and an overview of current market trends. Read More >>
This webinar is CPD accredited.