Summary
Cefic supports the European Commission’s ‘Fit for 55’ package, recognising it as vital to achieving EU climate neutrality by 2050. The paper emphasises the necessity for a comprehensive sectorial strategy, detailing how various sectors will contribute to climate goals, with checkpoints to monitor progress. Critical areas identified include the availability of competitively priced renewable and low-carbon energy, deployment of breakthrough technologies, and robust carbon leakage protection. Cefic advocates for improving carbon leakage protection, promoting renewable and low-carbon energy, recognising CO2‚ circularity, and balancing LULUCF targets with bioeconomy progress. It stresses the importance of supportive policies to maintain global competitiveness.
Concrete Takeaways:
- Effort-Sharing Regulation (ESR): Cefic argues against transferring decarbonisation responsibility from Member States to the industry, urging a balanced approach.
- Emissions Trading Scheme (ETS): Emphasizes the need for improved carbon leakage protection, fair allocation of free allowances, and adequate financial compensation.
- Renewable Energy Directive (RED): Calls for increased access to cost-competitive renewable energy and a technology-neutral approach to achieve 2050 climate goals.
Note: For further details, contact Florie Gonsolin, Nicola Rega, or Peter Botschek at Cefic.