In this horizontal paper, BIC outlines the contribution of the bio-based industries towards achieving a climate-neutral Europe. BIC welcomes that the European Green Deal puts the reduction of fossil emissions as a key priority and aims to achieve climate-neutrality by 2050. We support the ambitious EU target to reduce greenhouse gas emissions by 55% by 2030. A carbon neutrality pathway will require that private sector investments and innovations are sufficiently incentivised. In that respect, contributing to achieve climate neutrality by 2050 provides strategic opportunities and challenges for our sector. With this paper we would like to contribute to the discussion on the transition to a climate-neutral Europe. In this paper we describe how our sector already contributes to reduce GHG emission in a sustainable way. The paper then reflects on enablers for our sector to innovate and invest in the transition to climate-neutrality in 2050.
The bio-based industries' contribution to a climate-neutral Europe by 2050
02 December 2021