The European Commission has published recommendations to reduce net greenhouse gas emissions by 90% by 2040.
Today, the European Commission published recommendations to reduce net greenhouse gas emissions by 90% by 2040. This means increased ambition in climate policy, which will translate into more dynamic investment in #cleantech. Technologies such as wind power, hydropower and electrolyzers (hydrogen production) will be key in decarbonization. The EC stresses that it is also crucial to increase production capacity in emerging sectors such as batteries, electric vehicles, heat pumps, photovoltaic power, CCU/CCS, biogas and biomethane, and the closed-loop economy.
The new target also means very big changes for the industry, which already faces the challenge of decarbonization. Industry, especially energy- and material-intensive industry – needs clear pathways to industry support for investment. Without financial and regulatory support, the industry will not be able to catch up with the EC’s ambitions. European industry, including Polish, faces the risk of a complete loss of competitiveness.
Within the Boryszew Group’s factories, we have been preparing for decarbonization for a long time, and we have the first achievements in this regard. We are buying and producing green energy, we are already taking steps in this area, but we collide with many barriers. The big challenges, however, are the administrative procedures and the uncertainty of funding. Support is needed directly from the European Commission in terms of investment, not just from national budgets.
The EC needs to sit down at the table with industry and work out pathways to effectively support decarbonization and finance the required investments. We want to be an important part of achieving the goals of climate neutrality in the spirit of a just transition.
You will find detailed information on the EC website – https://ec.europa.eu/commission/presscorner/detail/pl/ip_24_588