Joint Letter – Urgent Need to Scale Up Industrial Carbon Management in Europe
To reach the ambition of climate neutrality by 2050, the EU needs to make sure that all available decarbonisation technologies can reach their full p...
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Publish date: February 1, 2024
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In light of the upcoming Industrial Carbon Management Strategy (ICMS), industry and civil society today urges the European Commission to take bold steps towards fostering a thriving market for low-carbon products. This collective call emphasises the necessity of a holistic strategy and concrete policy initiatives targeting both the demand and supply sides to drive industrial decarbonisation and promote European green lead markets.
The signatories advocate for specific measures within the ICMS framework to stimulate the low-carbon market, such as a strategic plan focusing on low-carbon products, science-based methodologies to assess embodied carbon accurately, and the inclusion of mandatory sustainability criteria in EU procurement rules. They also emphasise the need for private buyers’ alliances among European companies, rapid demand growth for green basic materials, and incentives for both upstream producers and downstream users of low-carbon products.
Read the full letter below.
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