The EU Taxonomy Regulation Act (2020/852) for sustainable economic activities was created in July 2020 to have a common language and clear definition of ‘sustainable’ when classifying investments. Sustainable investments in projects and activities in the EU is vital in order to meet the objectives in the EU Green Deal.
To incentivize the production of chemicals made from renewable resources, some states have implemented tax credit programs.
Not all laboratories providing ASTM D6866 biobased content testing are qualified to provide such service to applicants of the U.S. Department of Agriculture’s BioPreferred Program. Biobased content testing labs must first be accepted by the USDA. The labs must be ISO 17025-accredited.