Germany Unveils ‘Chemistry Agenda 2045’ to Support Struggling Chemical Industry
Germany Unveils ‘Chemistry Agenda 2045’ to Support Struggling Chemical Industry
The German government has introduced a comprehensive measures package aimed at revitalizing the ailing chemical sector, collaborating with employers and unions.
The ‘Chemistry Agenda 2045’ includes initiatives such as reduced electricity costs through state-subsidized industrial electricity pricing and expanded compensation for CO2 emissions trading costs. Additionally, the government plans to advocate for reforms in EU chemical regulations and emissions trading to provide longer allocations of free CO2 certificates to energy-intensive firms. Industry leaders have emphasized the urgent need for relief, citing the sector’s critical role in supplying essential materials across various industries amid ongoing economic challenges exacerbated by rising energy prices.
For journalistic integrity, this report was summarized from: handelsblatt.com
