Energy-intensive industries call for an ambitious EU Industrial Strategy to help the industry better contribute to the EU long-term GHG goals
A new report outlines the Europe’s Energy-Intensive Industries contribution to the EU Strategy for long-term EU greenhouse gas emissions reductions
Brussels, 26 September 2018: A new and integrated EU industrial strategy for energy- intensive industries is required to complete a transition to a low-carbon economy in the EU, according to the report released today by the Institute for European Studies (IES) – Vrije Universiteit Brussel (VUB). The report commissioned by eleven Energy-Intensive Industries describes a combination of possible key solutions that will help them achieve significant emission reductions and at the same time remain competitive, innovative and pivotal in enabling the transition to a low-carbon economy.
Having analysed more than 80 low-CO2 technology options available for energy-intensive industries, the VUB/IES researchers have concluded that the following conditions need to be taken into account in designing an efficient EU industrial policy:
- An ambitious RD&I programme that addresses the main challenges towards competitive low-CO2processes in energy intensive industries as well as adequate support for demonstration of advanced low-CO2 technologies to improve market readiness
- Globally competitive energy prices; including a sufficient, reliable and competitively priced low CO2 electricity supply to enable further electrification of industry
- Financing mechanisms that help companies refurbish old industrial facilities and modernise production processes
- Support to the creation of industrial clusters and symbiosis as an important tool in improving resource efficiency and reducing CO2 emissions of industrial facilities
- Incentives to the use of public procurement and low-CO2 standards for products to develop the market for low CO2 products and processes taking an appropriate life cycle based approach into account
A coherent EU regulatory framework – encompassing climate, energy, industrial, trade and environmental policies – is a necessary precondition to ensure a global playing field and support industry in its transition to a low-carbon economy.
The report is the group’s contribution to the forthcoming EU Commission’s Strategy for long-term EU greenhouse gas emissions reductions. By integrating these conditions into the long-term EU GHG emission reduction strategy, the EU will be able to preserve the industry’s role as a provider of the economic growth in Europe and as enabler of the transition by supporting the industry’s potential to innovate.