White Paper will cost Euro1.4-7bn, says EC study
27 May 2002 00:00 [Source: ICB]
The European Union's chemical policy review will cost Euro1.4-7bn
($1.3-6.4bn), says a business impact study released by the European
Commission last week.
The study, to inform the Commission on the relative
cost-effectiveness of varying mechanisms for implementing the White
Paper: A strategy for future chemicals policy
performed by UK-based Risk & Policy Analysts (RPA) and
discussed during a Commission stakeholder conference in Brussels,
Belgium, last week. It used data collected from the industry
through questionnaires, as well as information from the
Commission's working groups.
Industry estimates tally with the high end of RPA's calculations.
Cefic said testing 30 000 substances would cost roughly Euro7.1bn,
but this could rise to nearly Euro20bn if intermediates were
included. Alain Perroy, Cefic's director general, however, warned
that cost was only one major element. He said the impact on
business was a more important question that should be
RPA's suggestions for further research support this, calling for
examination of the wider and indirect macro economic effects. It
also advocated the assessment of the 'complex issue' of substances
in articles and the formation of consortia, but admitted that
collecting data from downstream users would be problematic.
Greenpeace said the study showed cost would not have a major impact
on the industry. 'With a Euro458bn turnover (based on 2000 figures)
the testing required under the regime would represent only 0.3% to
1.5% of annual turnover, or 0.03% to 0.15%, over the next ten
years,' it said. It advised that this could be reduced by assessing
chemicals according to their intrinsic properties, making companies
share information and removing duplication by regulating groups of
chemicals by class.
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