The current approach to heavy and high-polluting industry is the opposite of the one that allows us to build a decarbonised economy. To support its transition, heavy industry receives up to €1 billion a year in offsets, exemptions and subsidies, but its CO2 emissions are not decreasing. In fact, they have even increased slightly in recent years.
Companies like Ineos and Borealis are even planning to increase them by another 10% by building new plants. Support measures are not having the desired effect and are not contributing to the industrial transition. This is why we need to make it compulsory for every heavy industry company to have a carbon footprint and a climate roadmap, including global scope 3 greenhouse gas emissions (indirect CO2 emissions downstream of the supply chain), with independent monitoring to check the effectiveness of the measures taken.
