The European Commission has published a study on the role of the chemical and petrochemical industry in reaching the EU climate targets. The innovative energy technologies considered in the study “Energy efficiency and GHG emissions: Prospective scenarios for the Chemical and Petrochemical Industry” can cut annual greenhouse gas (GHG) emissions by 72.5 Mt of CO₂, equivalent to 36% of GHG emissions in 2050, while supporting the sector’s growth. The conclusions are based on a model accounting for fuel prices, GHG allowances and the payback period of technologies such as combined heat and power and carbon capture and storage. The study also concludes there is a need for additional research as identified in the Energy Union Package in order to reach the 2050 climate objectives in a cost-effective way.
Website: https://ec.europa.eu/