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The Environment Exchange - part of OM
The EC Directive on Packaging and Packaging Waste has been in operation since 1994. Individual nation states have chosen to introduce it in different ways. The United Kingdom (UK) introduced a system that creates competition between the packaging sectors and compliance organisations and a tradable economic instrument, the PRN. It has been suggested that the UK is viewed within Europe as achieving compliance to the Directive at the lowest cost to industry. The Environment Exchange – part of OM supplies the market place through which the PRNs can be traded on both spot and forward contracts. Angus Macpherson, the Managing Director of The Environment Exchange, is one of the leading experts in the UK’s implementation of the Packaging Waste Directive. He has been asked by the Nordic council of Ministers to investigate the feasibility and the pros and cons of introducing a PRN style system into the Nordic Region.