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European Commission raises EU GHG emissions reduction target to at least 55% by 2030

October 21/2020

MOSCOW (MRC) -- The European Commission has recently presented its 2030 climate target plan, in which it sets out a program to reduce EU greenhouse gas (GHG) emissions by at least 55% by 2030, compared with 1990, despite a call from the European Parliament in September for GHG emissions to be reduced 60% by 2030, reported Chemweek.

The new target is based on a comprehensive assessment of the social, economic, and environmental impacts, which shows that this course of action is realistic and feasible, the Commission says.

The raised target puts the EU on a balanced pathway to reaching climate neutrality by 2050 and underlines the EU's continued global leadership in this area, ahead of the next UN climate conference (COP26), it says.

We are doing everything in our power to keep the promise that we made to Europeans: make Europe the first climate-neutral continent in the world, by 2050. Today marks a major milestone in this journey. With the new target to cut EU greenhouse gas emissions by at least 55% by 2030, we will lead the way to a cleaner planet and a green recovery. Europe will emerge stronger from the [COVID-19] pandemic by investing in a resource-efficient circular economy, promoting innovation in clean technology and creating green jobs, says Ursula von der Leyen, president of the European Commission.

The plan includes an amendment to the proposed European climate law, which aims to write into legislation a goal set out in the EU Green Deal, to include the 2030 emissions-reduction target of at least 55% as a stepping stone to the 2050 climate-neutrality goal, the Commission says.

It also includes a call to the European Parliament and European Council to confirm the 55% target as the EU's new Nationally Determined Contribution (NDC) under the Paris Agreement, and to submit this to the United Nations Framework Convention on Climate Change (UNFCCC) by the end of this year, it says.

It also sets out the legislative proposals to be presented by June 2021 to implement the new target, including revising and expanding the EU Emissions Trading System; adapting the Effort Sharing Regulation and the framework for land use emissions; reinforcing energy efficiency and renewable energy policies; and strengthening CO2 standards for road vehicles, the Commission says.

In September, Germanys chemical industry association VCI (Frankfurt) defined the proposed tightening of the EU GHG emissionreduction target for 2030 from 40% to 55%, as extremely ambitious. However, the Commission says that its assessment shows that the EU is on track to surpass its current 2030 emissions reduction target of at least 40%.

Based on existing policies and the plans of member states, we are on course to surpass our current 40% target for 2030. This shows that being more ambitious is not only necessary, but also realistic, says Kadri Simson, EU commissioner for energy.

Achieving 55% GHG emissions reductions will require action in all sectors of the economy, the Commission says. The EU will have to increase energy efficiency and the share of renewable energy even more, to reach the new goal of 55%, and this will now be subject to further consultation and analysis before legislative proposals are presented by the Commission in June 2021, it says.

The energy system will be at the heart of this effort. We will build on the success story of the European renewables sector, look at all the tools at our disposal to increase our energy efficiency, and lay a firm foundation for a greener Europe, Simson says.

The Commission says it has also adopted today rules for a new EU renewable energy financing mechanism, to make it easier for member states to work together to finance and deploy renewable energy projects.

According to the Commission, the new 2030 climate target will also assist Europe's economic recovery from the COVID-19 crisis, by stimulating investments in a resource-efficient economy, promoting innovation in clean technology, fostering competitiveness, and creating green jobs. It also notes that member states can draw on the 750-billion ($885 billion) NextGenerationEU recovery fund and the EU's next long-term budget to make these investments in the green transition.

In this crucial moment for our health, our economy, and for global climate action, it is essential that Europe leads the way to a green recovery, says Frans Timmermans, Commission executive vice president for the European Green Deal.

As MRC informed earlier, in October, 2020, the European Commission adopted the EU's chemicals strategy for sustainability, describing it as the first step towards a zero-pollution ambition for a toxic-free environment announced in the European Green Deal.

We remind that Russia"s output of chemical products rose in August 2020 by 5% year on year. At the same time, production of basic chemicals increased year on year by 5.3% in the first eight months of 2020, according to Rosstat"s data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-August output. August production of primary polymers rose to 888,000 tonnes against 838,000 tonnes in July due to increased capacity utilisation at ZapSibNeftekhim, Stavrolen and Gazprom neftekhim Salavat. Overall output of polymers in primary form totalled 6,630,000 tonnes over the stated period, up by 15.2%  year on year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,496,500 tonnes in the first eight months of 2020, up by 5% year on year. Shipments of all ethylene polymers increased, except for linear low desnity polyethylene (LLDPE). At the same time, PP shipments to the Russian market reached 767,2900 tonnes in the eight months of 2020 (calculated using the formula - production minus exports plus imports - and not counting producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PP, PE, LLDPE, PP random copolymer, propylene, ethylene, petrochemistry, Russia.
Category:General News
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