Summary
The Cefic position paper addresses the European Commission's 'Fit for 55' initiative and its implications for land use, land-use change, and forestry (LULUCF) regulations. Cefic supports ambitious climate actions aligning with IPCC's scientific advice and aims for EU climate neutrality by 2050. They advocate for a comprehensive industrial policy with sectorial strategies detailing contributions from various sectors (industry, power, buildings, transport, agriculture) and regular progress check points. Cefic emphasises the importance of natural sinks and carbon removal technologies, and advocates for sector-level flexibility in balancing emissions. They also support expanding the scope of carbon storage products beyond wood-based materials to include other long-life bio-based materials like fibre-based textiles and bio-polymers.
Key Takeaways:
- Expanded investment in natural sinks and carbon removal technologies is vital, with certification of carbon removals being a crucial initial step.
- Sectoral strategies and flexibility are essential for integrating emissions reductions across different economic sectors.
- Recognising a broader range of carbon storage products, including bio-based materials, is important for achieving climate objectives.
