Industrial decarbonization by 2050: how to get there?
The push to carbon neutrality is forcing just about every industry on the Continent to rethink its production. Some of the changes will be relatively easy, while other — like cement and steel— still require massive investments in research and development as some technologies are still in the making. The EU industry has to figure out how it can continue to produce in an affordable way while also cutting emissions. But the drive to carbon neutrality opens the EU’s industries to competitive pressure from aboard — one of the reasons that the bloc is pushing forward with its Carbon Border Adjustment Mechanism.
The working group would address the following questions:
- What are the biggest challenges for EU industry in reaching net zero emissions by 2050? And how it can attract investment to meet this goal? What industries will have the greatest difficulty?
- What’s the outlook for the chemicals sector?
- Is the CBAM enough to protect EU industrial competitiveness during the transition?
- What is the impact of the Inflation Reduction Act and will the U.S. become a green competitive threat?
This working group will be conducted according to the Chatham House rule. The conversation will be led by a POLITICO reporter and will feed into an editorial story.
- Julie Ansidei, EMEA head of sustainability policy and engagement, BlackRock
- Antoine Colombani, industrial strategy, member of cabinet, EVP Timmermans
- Frederic Despréaux, vice president, cluster northern Europe&CIS countries, Air Liquide
- Florie Gonsolin, director climate change transformation, CEFIC
- Jonas Helseth, director, Bellona Europa
- Eddie Sukkari, senior vice president, Global Fabric Care Brand Franchise Leader, Procter & Gamble
- Stéphane Tondo, technical head of decarbonization, ArcelorMittal
- MEP Emma Weisner (Renew Europe, Sweden), shadow rapporteur on ETS
- Markus Wilthaner, partner, McKinsey
Opening remarks by Neil Carr, CEO Europe, Dow.
The conversation will be led by America Hernandez, energy reporter at POLITICO and will feed into an editorial story.