Cefic has submitted a response to the Call for evidence on the ETS State Aid Guidelines. The swift inclusion of the chemical sector in the list of sectors that can receive compensation for the indirect cost of the EU ETS is essential to its low-carbon transition while restoring its competitiveness and slowing down carbon leakage.
Key takeaways:
- Swift revision of 2020 guidelines to include the chemical industry.
- Pan-European mechanism, ensuring a level playing field – all companies receive adequate reimbursement of the EU ETS cost included in electricity prices regardless of location.
- Consider the high carbon price increase for including the chemical sector in the review, and strengthen carbon leakage protection.