On the Road to Climate Neutrality 2050

The chemical, pharmaceutical, rubber, and plastic industries have committed to decarbonize their economic activities in order to achieve the European Union’s goal of becoming climate-neutral by 2050. The industry’s ability to achieve this goal depends on political decisions, international competition, market demands, and public opinion. The availability and price of renewable energy and green hydrogen, as well as research and development, innovation, investments, and financing, play a crucial role. Companies must choose between various technological paths and make decisions regarding their future technology mix to ensure their competitiveness.

Social partners can play an important role in facilitating this transition and have developed specific tools for their involvement that are described in this final report.