Summary
The European Chemical Industry Council (Cefic) endorses the Green Deal and Europe’s objective to become climate neutral by 2050. Recognising the pivotal role of energy-intensive industries in this transition, Cefic highlights the necessity for a profound transformation. The document underlines that clear definitions of climate neutrality in forthcoming legislation, extensive investments, and supportive policies are crucial for this shift. It stresses the importance of managing global competitiveness, ensuring affordable access to climate-friendly energy, developing necessary infrastructure, fostering technological innovation, and establishing supportive financial frameworks. Additionally, leveraging inter-sectoral synergies is essential for achieving climate efficiency and circularity.
Concrete Takeaways:
- Global Competitiveness: Climate policies must consider global dynamics to avoid losing market share and ensure fair competition through trade policy, free allocation under EU ETS, and state aid.
- Affordable Access to Energy: The transformation requires significant investments in electrification and alternative feedstock sources, with strategies for importing low-carbon energy.
- Infrastructure and Integration: Collective prioritisation of investments in energy infrastructure and COâ‚‚ transport and storage is essential, supported by funds and the European Investment Bank.