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The Commission announced on 16 October the results of a new study on the impact of its upcoming REACH proposals for the chemical sector, showing that the overall impact in terms of GDP will be negligible.
On the other hand, the anticipated benefits to environment and human health are expected to be much bigger than the costs of the new legislation. DG Environment Director Jos Delbeke pointed to an indicative scenario that estimates health benefits to be in the order of 50 billion euro over a 30 year period.
The environmental NGOs welcomed the Commission's new figures and stated that they "expose the industry's scaremongering". In a joint press release, Greenpeace and the European Environmental Bureau (EEB) regretted that the REACH proposals had been weakened over the summer and urged the Commission to "revive the policy’s initial aims and stop giving in to industry and US pressure".
[ FR
] [ DE
] (16 Oct. 2003)
(Executive summary, May 2002)
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(16 Oct. 2003
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[ FR
] (April 2003)
(October 2002)
(16 October) 
(Powerpoint presentation 25 September 2003)
(Press release, 23 September 2003) 
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