05 Dec '11, 3pm

Recycling industry can boost the European economy

The report, entitled 'Earnings, jobs and innovation: the role of recycling in a green economy ' shows that recycling has numerous environmental benefits including diverting waste away from landfill, thereby avoiding pollutant emissions. It also helps meet the material demands of economic production, preventing the environmental impacts associated with extracting and refining virgin materials. Revenues from recycling are substantial and growing fast. From 2004 to 2008 the turnover of seven main categories of recyclables almost doubled to more than €60 billion in the EU. Due to a reduced demand for raw materials and a decline in commodity prices during the economic downturn the turnover of recycling declined sharply at the end of 2008 and in the first half of 2009 but seems to have recovered somewhat since then. The growth of recycling is being driven by increasing demand fo...

Full article: http://www.eea.europa.eu/highlights/recycling-industry-ca...

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