Summary
In this position paper, Cefic sets out its recommendation for a dedicated Public-Private funding Initiative within the ECF: an initiative designed to accelerate the modernisation of Europe’s chemical industry towards a climate neutral and circular economy, while restoring competitiveness and resilience. Through the ECF and this Dedicated Public Private Initiative, the EU can send a strong signal to global investors: that Europe is committed to the future of its chemical industry and to supporting its transformation and long-term competitiveness.
Key recommendations
- Create a Dedicated Public Private Funding Initiative for the modernisation of the European chemical industry
- Ensure complementarity and mobilise finance