Revolutionary Changes Green Deal Transition Pathway, a ‘Make or Break’ Moment for the EU Chemical Sector
The EU chemical industry stresses that chemicals are vital to the region’s industrial transformation and sustainable competitiveness. Europe requires a strong chemical industry to deliver on the Green Deal and Cefic is therefore, collaborating with the European Commission and other stakeholders to co-create a dedicated green deal transition pathway for the industry.
Brussels/Belgium – The EU chemical industry fully embraces the European Commission’s decision to start the development of a Transition Pathway for the chemical sector, supporting the sector’s transformation towards the successful implementation of the European Green Deal goals.
Dr. Martin Brudermüller, Cefic President said, “The chemical industry thinks in decades rather than years. The simultaneous multiple transitions we are facing makes this a ‘make or break’ moment for our sector. For us, it is paramount to have a long-term vision and policy coherence to generate large-scale Green Deal investments between now and 2050. Chemicals are key to Europe’s industrial transformation and sustainable competitiveness. Europe needs a resilient chemical industry to deliver on the Green Deal. We are looking forward to working with the European Commission and other stakeholders to co-create this dedicated pathway for our industry.”
The EU chemicals industry was one of the first to come out in support of the EU Green Deal and has long been advocating the need for a holistic approach to the chemicals industry because of its unique position: chemicals are present in more than 95 % of manufactured goods and the EU chemicals industry is a major supplier of all essential and strategic value chains, including pharmaceuticals, electronics, EV batteries, construction materials. The industry’s transition and upcoming policy changes will therefore have a ‘ripple effect’ on many other manufacturing sectors of the industry using chemicals, as was confirmed by a recent economic analysis of the impacts of the Chemicals Strategy for Sustainability.