Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A...

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CARBON MARKET WATCH . ORG Climate challenges towards 2030 and beyond How to kick-start the clean chemical industry transition?

Transcript of Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A...

Page 1: Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A future proof chemical industry Countries globally are moving to implement the Paris

CARBON MARKET WATCH . ORG

Climate challenges towards 2030 and beyond

How to kick-start the clean chemical industry transition?

Page 2: Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A future proof chemical industry Countries globally are moving to implement the Paris

We have a challenge today….

Page 3: Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A future proof chemical industry Countries globally are moving to implement the Paris

… and tomorrow

Page 4: Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A future proof chemical industry Countries globally are moving to implement the Paris

… and the chemical sector can help

Page 5: Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A future proof chemical industry Countries globally are moving to implement the Paris
Page 6: Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A future proof chemical industry Countries globally are moving to implement the Paris
Page 7: Climate challenges towards 2030 and beyondsuschem.org/files/library/Stakeholder-2019/CMW... · A future proof chemical industry Countries globally are moving to implement the Paris
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Overcoming bottlenecksRenewable energy to power the transition

Industrial symbiosis and new business models

Funding for the clean industry transition

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A future proof chemical industryCountries globally are moving to implement the Paris Agreement, impacting also the chemical sector. The level playing field may remain uneven but the direction of travel is clear.

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The climate neutral economy is one investment cycle away. We need to ensure the industrial infrastructure built today is compatible with future climate goals.

The EU ETS on its own will not deliver the required climate goals, nor the urgent need for clean chemical industry investments in Europe.

4 True industrial symbiosis and chemical circularity requires a paradigm shift. Policymakers should prepare and implement integrated industrial and climate strategies.

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Further reading

Carbon Market Watch (2019), Cracking Europe’s hardest climate nut – How to kick-start the zero-carbon transition of energy-intensive industries?

Material Economics (2019), Industrial Transformation 2050 - Pathways to Net-Zero Emissions from EU Heavy Industry