In-person event
The EU has established a direction for the clean transition of its economy. Reaching this goal will require deep emissions cuts across all sectors, including energy-intensive industries such as the chemical industry. While electrification and a growing share of low-carbon electricity will be essential across the board, some sectors will require additional measures to meet EU climate targets.
The chemical industry is a case in point. A third of its total emissions are linked to materials –mainly feedstock. To date, more than 90% of those materials are fossil-based. Addressing these non-energy emissions will require changes in production routes and especially in feedstocks, including the scaling up of new technologies and alternative materials. A key tool will be the creation of lead markets, as suggested in the Industrial Accelerator Act.
This CEPS event will explore the policy options to create lead markets for clean, sustainable and circular low-carbon feedstocks, and how such lead markets fit into the EU policy framework. This event will accompany the publication of a CEPS report on this topic.
