EBF BRIEF

Transitioning the EU Chemical Sector

Decarbonization investments require a coherent, predictable, and long-term-oriented industrial and environmental policies, simplified processes and stable incentive systems to support innovation and stimulate demand for sustainable products and services. To help financial institutions and other stakeholders to understand how key European industry sectors are developing within the region’s sustainable transformation, the EBF and the UNEP FI are collaborating on  series of industrial policy briefs.

The first brief on chemical industry outlines seven potential policy levers to help strengthen the investment case for the EU chemical sector and help it attract finance for its sustainable transition. It includes key policies  affecting the sector and suggest policy levers that can support the chemical industry’s sustainable transition and strengthen its investment case.

The brief builds on joint work by UNEP FI and EBF, as well as feedback from banks and industry leaders and includes recommendation around the key topics:

1) Enhancing the enabling environment for the chemical sector to transition

2) Ensuring a coherent and horizontal policy approach to the chemical sector transition and financing

3) De-risking mechanisms to improve the investment viability and bankability of the EU chemical sector’s transition

Read an article highlighting the seven policy levers and other key takeaways: click this link
Register for a related upcoming webinar: Financing the Clean Industrial Deal (16 Dec.): https://lnkd.in/e2UdMmYi

For more information, please contact:

Denisa Avermaete, Head of Sustainable Finance, D.Avermaete@ebf.eu

Jānis Priekulis, Policy Adviser – Sustainable Finance, j.priekulis@ebf.eu

About the EBF:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.