The EU Council (member states head of states) has agreed upon the Corona recovery deal.
EU Institutions will borrow € 750 Billions on the financial markets and distribute it to the members states. France will receive € 40 billions for instance.
EU institution and not the member states will be responsible to repay the loan.
EU institutions will receive new fiscal competencies to enable repayment; including:
- EU digital tax (tax on big digital multinational companies)
- Environmental taxes:
- a Plastic Tax
- Carbon emission levy on EU imports.
The Plastic tax will be introduced as from 1 January 2021 and will be calculated on the weight of non-recycled plastic packaging waste “with a rate of €0.80 / KG.
Import of Indian and Chinese steel in the EU will probably be taxed.
Videos by Bioplastics News Chief Editor
Advantages and Disadvantages of PLA
Plastic Recycling
Chemical Recycling
Biobased Plastic
Compostable Plastic
Circular Plastic