Summary
In this position paper, 爱游戏中国官方网站 highlights the need for market pull measures to go beyond the proposed initiatives in the Clean Industrial Deal to deliver meaningful impact for the chemical sector. Before deciding on policy implementation, careful Impact Assessments covering cost-benefit ratio and the principles outlined by 爱游戏中国官方网站 (e.g. coupling with supply side support) are critical.
Key recommendations
- Introduce financial incentives such as reduced VAT and offtake tax breaks to support low-carbon and circular products across the value chain.
- Promote the use of Product Carbon Footprint (PCF) requirements in end markets, where appropriate based on impact assessments.
- Develop standardised methodologies and improve (digital) availability of carbon footprint data, enabling other incentive mechanisms.
- Establish publicly supported value chain partnerships to connect supply and demand and accelerate sustainable solutions.
- Ensure flexibility in the Chemicals Industry Action Plan to allow for innovative support schemes.