Packaging Waste Recovery Note: Difference between revisions
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[[Category:Legislation & Policy]][[Category:Economics]] | [[Category:Legislation & Policy]][[Category:Economics]] | ||
The tradable evidence that demonstrates that an obligated company has met its responsibilities under [[The Producer Responsibility Obligations]] (Packaging Waste) Regulations 1997, as amended which introduces obligations on producers in this area - a direct application of the | The tradable evidence that demonstrates that an obligated company has met its responsibilities under [[The Producer Responsibility Obligations]] (Packaging Waste) Regulations 1997, as amended which introduces obligations on producers in this area - a direct application of the [[Polluter Pays Principle]]. PRNs can be delivered by producing evidence of recycling by an [[Obligated Company]] or can be purchased from a [[Reprocessor]] of [[Packaging Waste]] to deliver against the producer’s obligations. Value fluctuates with the targets set for [[Packaging Waste]] recycling annually and the volume of material available in the market at any time that can have PRN’s issued. | ||
Revision as of 18:06, 18 November 2019
The tradable evidence that demonstrates that an obligated company has met its responsibilities under The Producer Responsibility Obligations (Packaging Waste) Regulations 1997, as amended which introduces obligations on producers in this area - a direct application of the Polluter Pays Principle. PRNs can be delivered by producing evidence of recycling by an Obligated Company or can be purchased from a Reprocessor of Packaging Waste to deliver against the producer’s obligations. Value fluctuates with the targets set for Packaging Waste recycling annually and the volume of material available in the market at any time that can have PRN’s issued.