-
Kenya's economy faces climate change risks: World Bank
-
EU nations back chemical recycling for plastic bottles
-
Why bitcoin is losing its luster after stratospheric rise
-
Stocks rebound though tech stocks still suffer
-
Digital euro delay could leave Europe vulnerable, ECB warns
-
German exports to US plunge as tariffs exact heavy cost
-
Stellantis takes massive hit for 'overestimation' of EV shift
-
'Mona's Eyes': how an obscure French art historian swept the globe
-
In Dakar fishing village, surfing entices girls back to school
-
Russian pensioners turn to soup kitchen as war economy stutters
-
As Estonia schools phase out Russian, many families struggle
-
Toyota names new CEO, hikes profit forecasts
-
Bangladesh Islamist leader seeks power in post-uprising vote
-
Japan to restart world's biggest nuclear plant
-
UK royal finances in spotlight after Andrew's downfall
-
Undercover probe finds Australian pubs short-pouring beer
-
New Zealand deputy PM defends claims colonisation good for Maori
-
Amazon shares plunge as AI costs climb
-
Deadly storm sparks floods in Spain, raises calls to postpone Portugal vote
-
Carney scraps Canada EV sales mandate, affirms auto sector's future is electric
-
Lower pollution during Covid boosted methane: study
-
Carney scraps Canada EV sales mandate
-
Record January window for transfers despite drop in spending
-
Mining giant Rio Tinto abandons Glencore merger bid
-
Davos forum opens probe into CEO Brende's Epstein links
-
ECB warns of stronger euro impact, holds rates
-
Greece aims to cut queues at ancient sites with new portal
-
ECB holds interest rates as strong euro causes jitters
-
What does Iran want from talks with the US?
-
Wind turbine maker Vestas sees record revenue in 2025
-
Bitcoin under $70,000 for first time since Trump's election
-
Germany claws back 59 mn euros from Amazon over price controls
-
Germany claws back 70 mn euros from Amazon over price controls
-
Stock markets drop amid tech concerns before rate calls
-
BBVA posts record profit after failed Sabadell takeover
-
UN human rights agency in 'survival mode': chief
-
Greenpeace slams fossel fuel sponsors for Winter Olympics
-
Russia says thwarted smuggling of giant meteorite to UK
-
Heathrow still Europe's busiest airport, but Istanbul gaining fast
-
Shell profits climb despite falling oil prices
-
German factory orders rise at fastest rate in 2 years in December
-
Trump fuels EU push to cut cord with US tech
-
Top US news anchor pleads with kidnappers for mom's life
-
The coming end of ISS, symbol of an era of global cooperation
-
New crew set to launch for ISS after medical evacuation
-
Stocks in retreat as traders reconsider tech investment
-
Fiji football legend returns home to captain first pro club
-
Barry Manilow cancels Las Vegas shows but 'doing great' post-surgery
-
Rising euro, falling inflation in focus at ECB meeting
-
AI to track icebergs adrift at sea in boon for science
EU nations back chemical recycling for plastic bottles
European nations voted Friday to allow for chemical recycling to play a larger role in the production of plastic bottles, overcoming reservations about the energy-intensive technology.
Under EU rules, single use plastic bottles need to contain at least 25 percent of recycled plastic -- with the share set to increase to 30 percent by 2030.
Currently only plastic recycled through mechanical techniques, which involve washing, shredding, and remelting the stuff, can be used towards the quota.
But representatives for the European Union's 27 member states voted Friday to extend the same benefit to chemically recycled plastics.
The vote follows a proposal put forward by the European Commission aimed at supporting investment in the plastic recycling sector, which is struggling against competition from China and other parts of Asia.
The change "will benefit the plastics industry, they now have consistent and clarified rules to calculate, verify and report the recycled content," said Anna-Kaisa Itkonen, a spokeswoman for the European Commission.
She defined the vote as a "first milestone for defining rules for chemical recycling at EU-level."
Brussels believes that chemical recycling can help the re-use of certain challenging types of packaging such as yoghurt pots.
But environmental groups complain that the process, which involves heating plastics to high temperatures to recycle them, is energy intensive, more polluting than mechanical techniques and could serve as a fig leaf for companies to continue produce more plastics.
A commission source said there was "strong pressure from industry" to back chemical recycling despite doubts about its benefits.
"We see many pilot projects, but at the industrial level, we're not there yet," the source said.
Europe's recycling sector is under severe pressure, due to abundant supply of cheap plastics as global production continues to rise.
More than half of plastics produced -- 57 percent -- come from Asia, with 35 percent coming from China.
X.Wong--CPN