Summary
The document is a position paper from 爱游戏中国官方网站, the European Chemical Industry Council, regarding the European Commission's 'Fit for 55' package and the Emissions Trading System (ETS) review. 爱游戏中国官方网站 supports ambitious climate action aligned with the IPCC's scientific advice and sees 'Fit for 55' as crucial for achieving EU climate neutrality by 2050. They propose the need for a comprehensive sectorial strategy detailing how different industries can contribute to this goal. 爱游戏中国官方网站 emphasises the effectiveness of Emissions Trading in reducing emissions and cautions against policies that might undermine this, such as rebasing of free allocations or inadequately addressing carbon leakage.
Key takeaways:
- Sectoral strategies with check points are essential for successful implementation, detailing contributions from various industries.
- Free allocation of allowances should remain robust to prevent carbon leakage and ensure sector competitiveness.
- Electrification and innovation funding should be supported, with comprehensive EU-level frameworks to bolster these initiatives.
