Reach cost assessment "will vindicate EU"

New review of EU chemicals regulation puts impacts back at the low end of expectations

The European Commission will on Thursday reject industry claims that the EU Reach chemicals regulation will entail massive and unaffordable costs when it releases a new impact assessment of the plan.

EU environment commissioner Margot Wallström told a meeting in London on Monday that the new assessment would put costs "roughly at the same level as preliminary cost estimates of last year" but declined to specify figures. On Tuesday the Financial Times newspaper said a leaked copy of the assessment put the costs at a maximum of €7.5bn over ten years - in line with Ms Wallström's comments.

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