On Sunday, Premier Mike Baird and NSW Environment Minister Mark Speakman announced the introduction of a Container Deposit Scheme (CDS). Under the CDS, the New South Wales Government will refund 10 cents for beverage containers with the aim to significantly reduce litter and clean up the state’s beaches and parks. The CDS will be fundamental in achieving one of the Premier’s 12 priorities, namely to reduce the volume of litter by 40 per cent by 2020.
The scheme is similar to the South Australian CDS. It will cover most containers between 150 millilitres and 3 litres, which will display NSW CDS labelling.
The CDS was proposed in the lead-up to last year’s state election. Marsden Jacob Associates was instrumental and worked closely with the NSW EPA in undertaking a cost benefit analysis as well as a financial and distributional assessment of CDS options and industry proposed initiatives.
For further information on Marsden Jacob’s work on the CDS, please contact Rod Carr in our Sydney office.