Icelandic recycling fund growing fast

Budget figures show producer responsibility scheme set to double in size in second year of operation

A "unique" Icelandic producer responsibility fund launched in January is set to nearly double in scale to €8.5m next year, figures in the 2004 budget show. The budget was approved by Iceland's parliament last week.

The Icelandic recycling fund builds on an existing hazardous waste fund in operation since 1997. It imposes levies on a range of products, with revenues earmarked to pay for environmentally sound disposal and recycling.

The hazardous waste fund covered products such as batteries, organic solvents, refrigerators and oil that generate hazardous waste at the end of their lives. It generated revenues of €1.5-2m, according to the environment ministry.

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.