From Waste Management News 02/13/13
"...Italian Senate approved the legislation that mandates the discontinuation of traditional single-use plastic bags in favor of bioplastic bags or other alternatives, and penalizes those who continue to use traditional plastic bags. Senator Francesco Ferrante announced the approval of the Application Decree last week stating, "Finally, we will make Italy the first plastic-free European country for the single-use plastic bag sector." The Decree has been signed by the Ministers and is currently undergoing the proper administrative process toward formal publication. The sanctions will then become effective and applicable 60 days from publication.
Merchants must make the switch to biodegradable and compostable bags and stop using traditional single-use plastic bags within 60 days from the date of publication, or sanctions for non-compliance will be enforced. The fines for non-compliance range between ?2,500 and ?25,000, and may be increased up to four times the maximum violation if it applies to large quantities of bags, or if the value of the goods exceeds 20% of the total use of the offender.
Italian Minister of the Environment Corrado Clini stated, "The opinion expressed by the Senate is an important step to actually make our country plastic-free. We will constantly monitor compliance to ensure that this objective can be achieved quickly and effectively."
The financial pages are rife with the rotation out of bonds into stocks. Well the next thing you'll be reading about is a global effort to protect the environment by rotating out of plastic into biodegradeables. You'll soon be reading a lot about MBLX regularly.