Planet – Ambitions
Supporting the transition to a competitive low-carbon society
In the world of tomorrow, the use of fossil fuels will decrease and they will gradually be replaced by alternative clean energy. The chemicals, plastics and life sciences industry fully supports this transition and is helping to pave the way to a low-carbon society by developing groundbreaking innovations such as energy storage, ultralight materials in transport, or high-tech chemicals for use in windmills and solar panels.
Over the last 25 years, the chemicals, plastics and life sciences industry has made impressive energy efficiency improvements and CO2 reductions. The sector is doing all it can to contribute to this through the energy efficiency agreements it has reached with regional governments, committing itself to energy efficient manufacturing and reducing CO2 emissions while meeting Emission Trading System (ETS) requirements.
As an energy-intensive industry competing in a globalized market, the chemicals industry uses energy products such as oil, natural gas and electricity both as a source of energy and as a raw material. Hence, reliable supplies of competitively priced energy are of crucial importance. Climate change policies impacting on market prices and adding extra layers of costs to the European energy bill are putting pressure on the competitiveness of the European chemicals industry on the international stage compared to other, non-EU, industrialized countries.
Finding the right balance between competitive and reliable forms of energy and reducing CO2 emissions on a global scale is a key challenge for the future, in which the chemicals, plastics and life sciences industry is playing a leading role as an innovative solution provider.
- Continue to actively participate in the energy transition.
- Support companies to meet the commitments made in energy efficiency agreements without jeopardizing their prospects for growth.
- Advocate for a fair ETS to create a win-win for a competitive European chemicals industry and the climate.