Summary
The position paper from Cefic responds to the European Commission’s recommendation for a 90% net reduction in greenhouse gas emissions by 2040. While welcoming the ambition and the focus on industrial competitiveness, Cefic stresses that the current EU climate policy lacks the necessary framework to support a realistic and effective industrial transformation. The paper highlights the urgent need for coherent and competitive policies that address today’s economic challenges, including high energy costs and declining investment. Cefic calls for supportive industrial measures, infrastructure deployment, innovation funding, and anti-leakage mechanisms to ensure the chemical industry can contribute meaningfully to the EU’s climate goals.
Key Takeaways:
- A credible and competitive policy framework is essential to support investment and industrial transformation.
- Urgent deployment of infrastructure and access to affordable low-carbon energy are critical enablers.
- Policies must prevent carbon leakage and support innovation through funding and inclusive technology approaches.