Bioenergies, including wood, biofuels and forest-based industries, should be recognised under the EU’s draft sustainable finance taxonomy, in line with the recently-updated renewable energy directive, an industry coalition has claimed.
China’s ban on waste imports has thrown Europe’s paper recycling sector “in a crisis situation,” leading to a chronic oversupply of recovered paper that sent prices plummeting by 300% over the past two years, according to trade group EuRIC.
EXCLUSIVE/ EU climate legislation robs paper recyclers of at least 40% of their profits, the equivalent of at least one billion euros of lost potential investment in the green economy, a European paper industry chief has said.
The European Parliament has voted against changing the legal definition of when dumped paper ceases to be considered waste and fit for recycling over concerns that the proposed new rules could undermine existing environmental laws.
European lawmakers and waste management experts will meet in Strasbourg today (24 October) to discuss a controversial proposal to change the legal definition of waste, a move industry says will heavily damage the EU’s lucrative paper recycling sector.