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The risk of prosecution for potential non-compliance with the WEEE Directive is often of uppermost concern to companies. In our experience, most companies will weigh up this and any associated risks against the costs associated with changing their current practices. However, many fail to recognise the opportunities that an effective compliance system offers in terms of its support for cost reduction and product innovation.
The EU is committing significant funds to reuse and recycling, and this new policy direction presents significant opportunities. In the EU circular economy strategy, released in December 2015, over €650m is being invested into a WEEE research and innovation financing programme, Horizon 2020. The European Commission is also funding a €2.1m project to demonstrate innovative new methods of recovering critical raw materials.
To read the full article that explores the cost of non-compliance and the case for compliance as a route to innovation, please visit http://www.edie.net/blog/Non-compliance-with-the-WEEE-Directive-whats-the-worst-that-can-happen/6098068