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 are the UNRP 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
The event covered key topics to understand how to increase the bankability of clean industrial projects. High-level panels addressed the role of banks, lessons from national banking associations, and the engagement in industry climate policies, while roundtables focused on more specific questions – de-risking mechanisms, including new EIB’s pilot programme on green power purchase agreements and the Industrial Decarbonisation Bank, sectoral perspectives, with emphasis on the chemical and transport sectors, and policy enablers, including faster permitting and carbon contracts for difference.
EU Banks for Ukraine
