The EU Commission Supports Markets for Green Products
The EU Commission has launched an Action plan for sustainable consumption, production and industry. This aims to reduce the environmental impact of EU consumerism by supporting sustainable products, innovation and technology.
The proposal comes as part of the EU's goal to reduce carbon dioxide emissions 20% by 2020, compared to 1990 levels.
Under the proposal, local authorities, which spend about $3 trillion, or 16 percent of the union's GDP, are required to make 50 percent of their purchases more sustainable by 2010.
The Commission hopes to help markets for green goods grow by capitalizing on the huge purchasing power of governments and institutions.
The number of eco-labelled products will also be increased to 40-50 by 2015 to cover food and drink products. There are currently 26 products under the eco-labeling scheme which covers products ranging from paints to dishwashers.
Products that indirectly affect energy consumption such as windows and faucets will also be included in the EU directive on eco-design.
Article Date: 18 July 2008
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