Valpak chief executive John Turner, told letsrecycle that he “thanked the government for listening to industry's pleas.”
And he added that while the 2% cut would not help make the situation much easier, any relief was good news.
It is thought that Valpak had prepared plans for a range of targets and will now swiftly produce a business plan for next year based on the 56% level.
Some members expect their costs next year could double because of the higher prices of PRNs. However, this will be influenced by the spread of their obligation – ie, whether or not they have an obligation on some of the more expensive PRNs for materials such as plastic and aluminium.
The 56% target is important to all sectors of recycling because within the 56% level recycling plays a large part alongside some energy from waste and composting. Different materials – glass, plastics, wood, steel, aluminium, paper/board – all have specific targets by weight of 18%.
For further details about the UK system, please see the letsrecycle packaging section.
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