EU Emissions Trading System Revision Proposal Risks Cutting Industry
Despite positive elements, the ETS revision proposal risks cutting industry, not emissions.
European chemical industry
CEFIC Urges Strong EU Industrial Policy
Following a decline of 2% in 2020, European chemical production is forecast to pick up by 3% in 2021, before growth rates taper off slightly in 2022, but output in that year should still land 2% higher against 2021.
CEFIC: EU Chemical Output Shows Small Signs of Recovery
According to its latest Chemical Quarterly Report, which CEFIC, the European Chemical Industry Council, published on Sept. 10, chemical output in the EU27 dropped by 5.2% from January to June 2020 compared to the previous year’s level (January to June 2019), following the Covid-19 outbreak in Europe.
