Tuesday, July 1News That Matters

Tag: European Union

Plastic Recycling Industry in EU Faces Existential Crisis as Closures Mount

Plastic Recycling Industry in EU Faces Existential Crisis as Closures Mount

Breaking News, Climate Actions, Environment
The European Union plastic recycling sector is teetering on the edge of collapse, hit hard by a combination of economic pressures, rising imports, and surging operational costs. With plant closures doubling in 2024 and continuing into 2025, thousands of green jobs are now at risk posing a significant challenge to the EU’s green transition strategy. Sharp Decline in Production Despite €5 Billion Investment Between 2020 and 2023, Plastics Recyclers Europe reports that the sector attracted €5 billion in investments aimed at meeting EU sustainability targets. Yet despite this significant funding, recycling rates have started to drop. The reasons: rising production costs, soaring energy bills, and growing competition from cheap, low-quality imported plastic much of it with questionable e...
EU–India Launch €41 Million Green-Tech Drive: Focus on Ocean Health and Hydrogen Innovation

EU–India Launch €41 Million Green-Tech Drive: Focus on Ocean Health and Hydrogen Innovation

Breaking News, Learning & Developments, Tech, Thoughts & Talks
In a significant step toward deepening bilateral cooperation and tackling global environmental challenges, the European Union and India have jointly announced two landmark initiatives under the EU-India Trade and Technology Council (TTC). With a combined investment of €41 million, the projects aim to address marine pollution and accelerate development in hydrogen-based clean energy technologies, showcasing a shared commitment to sustainable innovation and geopolitical partnership. Research & Innovation: A New Chapter in EU–India Collaboration Backed by the EU's Horizon Europe programme and Indian ministries, the two projects mark a major milestone in international scientific cooperation. By uniting researchers, startups, and industries from both regions, the initiatives aim to de...
PNG Boosts Disaster Preparedness with New EU-Funded Resilience Project

PNG Boosts Disaster Preparedness with New EU-Funded Resilience Project

Breaking News, Climate Actions
Papua New Guinea’s most disaster-prone communities are set to benefit from a major new resilience-building initiative aimed at enhancing early warning systems and disaster response. The Building Safety and Resilience in the Pacific Phase II (BSRP II) project was officially launched this week at the Holiday Inn in Port Moresby. Funded by the European Union under the 11th European Development Fund the €14 million regional initiative targets 14 Pacific Island nations and Timor-Leste with a special focus on Papua New Guinea’s high-risk zones, which are prone to volcanic activity, earthquakes, and extreme weather due to their location on tectonic plate boundaries. The project would connect remote communities, including the elderly and people with disabilities, to early warnings that could...