By Andreas Kissler
BERLIN (Dow Jones) — According to the Federal Ministry of Economics and Technology, the EU Competitiveness Council in Brussels has set the course for a “sustainable transformation and resilience of the EU” with a new eco-design regulation. The ministers of the EU countries had adopted a general approach for this. “In the future, only products that are durable, repairable, reusable and recyclable and that comply with the regulations for sustainable products will be approved in the EU,” said State Secretary for Economic Affairs Sven Giegold, who attended the meeting in Brussels. “Europe will thus become the global lead market for green innovations.”
With the new eco-design regulation for sustainable products, the EU is setting uniform rules for a sustainable circular economy and the development of green future technologies. These rules are not only good for the environment and the protection of increasingly scarce resources. “The sustainable product standards promote the innovative power of the industry and are therefore drivers for the competitiveness of the EU,” Giegold was convinced.
The new Ecodesign Regulation is a central component of the European Green Deal, with which the EU has set itself the goal of operating in a climate-neutral manner by 2050. According to the information, it sets the general framework for future ecodesign requirements by determining which product aspects such as durability, reparability, resource use or resource efficiency or carbon footprint can be improved with these requirements. Germany was able to assert itself with important issues. The agreement on a ban on the destruction of unused consumer goods is a concrete step towards achieving more sustainable economic activity. Another novelty is the introduction of the digital product pass, which is also provided for in the coalition agreement.
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(END) Dow Jones Newswires
May 22, 2023 07:08 ET (11:08 GMT)