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Industry on the EU climate target 2040: Further tightening of the climate target sends the wrong signal for Europe

Industry on the EU climate target 2040: Further tightening of the climate target sends the wrong signal for Europe

Industrial Association: Focus on maintaining the competitiveness of the European industrial location

Vienna (OTS) From the industry’s perspective, today’s announcement regarding a substantial increase in the level of ambition with regard to greenhouse gas savings raises more questions than it answers. With the goal presented, a European Commission that has only been in office for a few months is de facto prejudging the political direction of the coming commission terms before a democratic decision on direction in the summer and thereby significantly restricts the creative freedom of future political decision-makers.

The European location is under enormous pressure and, based on the Green Deal, the Commission period that is coming to an end has brought one thing above all: more bureaucracy and less competitiveness. In the last five years alone, over 800 laws, guidelines and regulations have been passed – that’s 5,000 pages of bureaucracy. We need a political change of course and an implementation focus instead of weakening the European location itself through more and more, sometimes excessive, regulations.

Industry in Europe protects the global climate – check climate policy approaches for effectiveness

Austrian industrial companies stand for living climate protection through climate-friendly, environmentally friendly production at home and for numerous green tech products that are exported worldwide, which is how we drive the energy and climate change. Manufacturing companies in particular whose systems are subject to EU emissions trading (ETS) set out years ago on the path to climate neutrality by 2050 and are consistently adhering to it. Instead of ever new ambitious goals, what is needed is a turbocharger in the area of ​​bureaucracy reduction. This is the only way the transformation will succeed and Europe will continue to play a pioneering role.

Questions & Contact:

Industrial Association
Marlena Mayer
Press spokesperson
+43 (1) 711 35-2315
marlena.mayer@iv.at
https://iv.at/

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