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National Plastics Recycling Funding
NATIONAL
MGA TMA has strongly advocated for members to adopt the principles of a circular economy. Waste is very costly for members to dispose of and not environmentally responsible if it goes to landfill. The principles of a circular economy guide us to not direct waste into landfill but to recycle and reuse waste over and over again.
MGA TMA welcomes the former Morrison Government’s investment into National Plastics Recycling.
The former Morrison Government is driving new investment in sophisticated recycling technology and infrastructure, boosting the Recycling Modernisation Fund to $250 million, with a $60 million new funding stream targeted at advanced plastic recycling technology that will tackle problematic plastics like bread bags and chip packets.
The investment, included in this month’s Federal Budget, builds on the $190 million Recycling Modernisation Fund (RMF) which is driving a $1 billion transformation of the waste and recycling sector. Former Prime Minister Scott Morrison said the Government is committed to stopping harmful plastics from entering our oceans, choking up our waterways and destroying our marine life.
“This new funding stream, dedicated to helping solve the problem of hard to recycle plastic waste, demonstrates our determination to invest in Australian industry, to growing the recycling sector and to creating a stronger economy and stronger future for Australia,” the former Prime Minister said. “Three years ago, I made a commitment at the UN to stop plastic waste from entering our oceans, a commitment that has sparked a recycling revolution in Australia. “That same commitment has supported investment in state-of-the-art recycling technology across Australia, technology that protects the environment, boosts the economy and creates jobs.”
Former Minister for the Environment, Sussan Ley, said the new round of funding will fast-track access to new innovative waste technology, supporting a pipeline of plastic products ReMade in Australia. “The time to act on hard to recycle plastics is now - fast-tracking advanced recycling infrastructure will help the industry recycle more of the 1 million tonnes of plastic packaging waste we generate every year, creating valuable new products while keeping problematic waste out of landfill,” Minister Ley said.
