A miniVSF for Italian companies – the monetization of CO2 emissions
The first Italian Vinyl Sustainability Forum was held in Bologna on June 26th.
The aim of this workshop was to present to Italian companies, including those involved in recycling, the main topics discussed during the European VSF organized in Prague on May 9-10 by the VinylPlus Voluntary Commitment.
Of interest to recyclers, naturally the quantities of recycled and certified PVC were presented both in Italy (60,000 tons) and in Europe (740,000 tons).
For the first time it was also highlighted that the savings in CO2 emissions due to the use of recycled PVC can be translated into an economic advantage in the future. In the Prague report, PVC pipes and floors were taken as examples of which was calculated the reduction of CO2 emissions based on recycling volumes: 2 tons of CO2 / ton of recycled piping and 1.35 tons of CO2 / ton of recycled floor.
In the Prague presentation it was also highlighted that, within the Paris Climate Convention, a CO2 “monetization factor” of between 50 and 100 EUR / ton was defined for CO2 emissions.
Setting an average value of 75 EUR / ton, an economic value of the “environmental benefit” of 150 EUR / ton of recycled material was calculated for PVC pipe recycling and a value of approximately 100 EUR for PVC floors / ton of recycled.