UK Plastic Packaging Tax Will Increase Demand for More Sustainable Packaging
“In March 2018, the government announced it will introduce a plastic packaging tax aimed at reducing the environmental impact of the two million tonnes of plastic packaging used each year. Coming into effect from April 2022, plastic packaging produced in, or imported into the UK, which does not contain at least 30 per cent recycled plastic, will be subject to a levy of £200 a tonne.
Given that virgin plastic is estimated to be around £500 a tonne cheaper, the new tax is intended to create an economic incentive for businesses to use recycled material, stimulating demand and increasing rates of recycling collection, shifting away from damaging landfill or incineration processes.”
This excerpt was taken from Raconteur. Please follow the link for further information.