In order to reduce full three percent of the overall greenhouse gas emissions in the demand for electricity from precious renewable energies, the Germany – or 14 percent of emissions from the industrial sector chemical industry will have to focus on long-lasting products, as a whole. [...] The potentials of ing-on of the price signal would have a steering effect and • A packaging resource tax and an obligation to offer unpack- the circular economy when it comes to transformation of the give the industry planning certainty in order to make the right aged and reusable systems as well as a charge on packaging chemical industry have yet to receive adequate attention. [...] • In the last reform of the EU Emissions Trading System, within the legal framework of a resource protection law.3 • In addition, permanent binding of CO2 in the product should an agreement was reached to end free allocation in the • A financial and tax policy geared towards a circular economy be ensured, particularly as CCU is a very energy-intensive sectors covered by the carbon border adjustmen. [...] • When implementing the capacity mechanisms currently The German government must initiate further steps towards under discussion, it is essential to ensure that the plants are the rapid and comprehensive expansion of wind and solar converted to hydrogen in the future in order to prevent fossil energy. [...] The largest chemical park is represented by the BASF site in Ludwigshafen with a total of 0.5 Mt CO 5.9 million tonnes of CO2 (Mt CO2).5 This BASF site is not 2 Basell Münchsmünster only the largest emitter, but at the same time one of the few 5.9 Mt CO2 Main sources of emissions 5 In the main, EU emissions trading in the chemical industry only covers CO2 BASF Ludwigshafen Power plants emissions.
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- Germany