Summary
爱游戏中国官方网站’s position paper addresses the European Commission’s public consultation on the EU’s 2040 climate targets, emphasising the critical role of the chemical industry in the transition to climate neutrality by 2050. The paper advocates for a regulatory framework and industrial policy that support long-term investments, infrastructure and operational costs, and tackle competitive disadvantages to secure the necessary investments. 爱游戏中国官方网站 underscores the need for a detailed impact assessment considering investment requirements, energy transition, and the effect of the energy crisis. Additionally, it highlights the importance of a robust carbon leakage framework, a circular carbon economy, and access to carbon removal certificates for hard-to-abate emissions.
Key takeaways
- Solid financial support and infrastructure are essential for the chemical industry to transition towards climate neutrality, including CAPEX and OPEX funding, competitive energy sources, and scalable technologies.
- A robust carbon leakage framework is crucial to maintain EU industrial competitiveness and avoid global emissions increases through outsourcing parts of the value chain.
- A sustainable carbon economy necessitates accessible bio-based feedstocks, scalable recycling technologies, and clear regulations for carbon capture and utilisation, complemented by a stable carbon removal certificates system.