Circular economy, the decree on incentives for the reconversion of companies producing single-use plastic has been signed

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Summary:

The Italian Ministry of Environment and Energy Security has issued a decree to encourage companies producing single-use plastic products to switch to alternative products. A budget of u20ac10 million has been allocated for each year from 2022 to 2024 to support this initiative. Companies can receive an economic contribution of up to 80% of the costs incurred for the purchase of machinery and equipment. The aim is to reduce the impact of plastic on the environment and human health by decreasing its dispersion, and to promote a real circular economy, while supporting businesses and the economy.