IHS Chemical Week

EnviroTech :: Regulatory :: Regulatory: Climate Change

VCI: 'Highly ambitious' climate targets will result in weaker growth, reduced competitiveness

10:36 AM MDT | October 24, 2014 | Michael Ravenscroft

Germany’s chemical industry trade association VCI (Frankfurt) says that the target of a 40% reduction in greenhouse gas emissions agreed by European leaders is “highly ambitious.” The target will particularly effect emissions trading, which will have to bear the brunt of the burden, according to Utz Tillmann, managing director/VCI. “Europe wants to reduce its emissions in the ten years between 2020 and 203 by the same considerable amount as in the previous thirty years,” says Tillmann. “We fear that the tougher climate goal...

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