Home Fashion Industry Financial The carpet industry’s invisible hand – POLITICO

The carpet industry’s invisible hand – POLITICO

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REVENGE OF THE CARPETBAGGERS — It’s hard to get manufacturers to look after their own products to make sure they don’t add to the global pollution problem once consumers are done with them.

And even when they have agreed to do it, they sometimes try to avoid doing more. Take the carpet industry, which is fighting bills to tax its products and using the profits to fund recycling.

The industry recycling nonprofit ousted two of its board members in April for advocating for recycling bills in New York and Illinois, our alum reports. colleague Catherine Boudreau in her latest article for POLITICO.

Carpet America Recovery Effort even runs a mandatory recycling program in California, where consumers pay a fee on new carpets and the industry uses the money to pay for recycling. But he prefers “market-based” programs, arguing that the fees make carpeting less competitive with other types of flooring.

“CARE cannot accept its own contradictions,” said Franco Rossi, president of Aquafil USA Inc., which recovers nylon from old carpets. Rossi was started of CARE’s board of directors at the end of April, with the president of another recycling company. “The carpet industry runs the stewardship program in California because they have to, but they don’t want it anywhere else because they think it will hurt carpet sales.”

The group has gone to great lengths to remove support for recycling mandates. When providing funds to carpet recyclers, CARE asked them to refrain from supporting legislation that would require manufacturers to manage the life cycle of products.

The carpet industry is also actively lobbying against the bills. The Carpet and Rug Institute, whose membership overlaps with CARE, urged Illinois lawmakers to oppose the recycling proposal, arguing that it was “modeled on a problematic California program” and would create “an entirely new state bureaucracy”.

The episode illustrates the tensions that emerge when an industrial group regulates itself. The extent of the role that industry should play vis-à-vis regulators has been a sticking point as states attempt to enact EPR carpet, packaging and other product laws across the country.

Learn more about Catherine and me here.

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SOLAR RECOVERY — The Biden administration has figured out how to resolve at least one conflict between its clean energy and domestic manufacturing goals, POLITICO’s Kelsey Tamborrino reports.

Biden threw a lifeline to the solar industry on Monday by scrapping tariffs for two years tied to the Commerce Department’s investigation into whether solar panel makers in Cambodia, Malaysia, Thailand and the Vietnam circumvents tariffs on Chinese shipments of solar equipment to the United States.

The investigation chilled the solar industry and even delayed retirement of at least one coal-fired power plant as manufacturers fear they may have to pay tariffs on the source of around 80% of US panel imports.

“There’s a big takeaway here in that when there are conflicting policy priorities, the Biden administration has shown that rapid decarbonization won’t be thrown under the bus,” said Christian RoselundSenior Policy Analyst at Clean Energy Associates, an industry consulting firm.

More Kelsey here.

Read also : Biden has also invoked the Defense Production Act to promote domestic manufacturing of solar panels and other clean energy technologies like heat pumps and hydrogen electrolyzers.

As Reporting by David Iaconangelo for POLITICO’s E&E News, clean energy advocates have been calling for this for months, ever since Russia invaded Ukraine.

“This measure alone obviously does not solve our problems, in Russia or in the atmosphere. But it is a sign of hope that we can still do something,” wrote Bill McKibben, co-founder of 350.org, which was one of the first DPA boosters for heat pumps.

SCARY PAC — Crypto is entering the lobbying game in increasingly inscrutable ways, writes our colleague Ben Schreckinger for Digital Future Daily.

A new political action committee launched on Monday may be the first to be associated with a decentralized autonomous organization, a new type of web-based entity that can be governed with blockchain tokens. This means that a pot of political money will now be controlled by anyone who buys digital tokens from a decentralized online group.

3OH DAO (pronounced Three-Oh-Dow) argues for normal financial stuff – a light regulatory touch and rules favorable to decentralized financial activity. Scratch the surface, however, and you find that one of the investors is CultDAOwhich has a creepy website and presents itself as a cult around “revolution investing”.

Read more of Ben.

– The Treasury asks the World Bank – led by a person appointed by Trump – to do more about the climateincluding avoiding funding fossil fuel projects, the Financial Times reports.

— Critics worry New York bill to disclose carbon footprint of fashion industry will only lead to more greenwashing. The interception has a deep dive.

— Wells Fargo East pause its “diverse slate” interview politics after the New York Times reported some of the the interviews were window dressing.

— Climate realism takes shape: the Climate Overshoot Commission holds its first meeting on Thursday, and the American Geophysical Union is working on a “ethical framework” for “climate intervention”, the AP reports.