The European Union has launched the Renewable Carbon Initiative to revise a wide range of policies in the Green Deal to boost climate neutrality and create a sustainable economy by 2050. The RCI has set up a policy working group under the leadership of nova-Institute and has over 40 companies as members who actively work towards reshaping the entire required processes to meet the climate challenge. The initiative includes decarbonization in the energy sector alongwith making significant changes in the feedstock base of the material industries. 

The initiative focuses on the on-going revision of the Packaging and Packaging Waste Directive that aims to increase the scope for sustainable plastic packaging. RCI urges for the inclusion of bio-based and CO2-based content in addition to recycled content. The policy framework on bio-based, biodegradable and compostable plastics under the Circular Economy Package is expected to be published in November 2022 and will support plastics for true environmental benefits.