CEE Summit Focus Group Report
20 / 06 / 2022
Where do the greatest challenges lie when we talk about industrial decarbonization in CEE?
Absence of data and absence of certainty about policies sit on the top of the worry list. Disclosures, validated targets, and transition plans are much needed to have bankable projects and lock in the key financing. There is ample amount of funding available, but the CEE region is yet to tap into sustainable finance.
Business sector actors lack clarity about future climate policy pathways. For instance, ETS prices only recently started to flash a stronger signal and add the necessary cost push to act for industries.
How can policies prod industries into action? How did the EU Approach this?
Policies should do more to create a supportive environment. Most importantly, a tighter carbon guidance would be necessary to encourage more forward-looking business models. Our panelist noted that in cement industry medium-term (5-8 years) there is some certainty about resource mobilization and acceleration of the transition but uncertainty looms beyond that horizon.
What should be the key policy focuses in CEE to attain targets in next decade?
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What's So Hard About Emission Abatement? It's the Incentives
Heavy industries’ emissions are deemed hard to abate. Not only are they energy intensive but steel, cement and chemical production also bring hefty carbon emissions from the processes used. The broad consensus related to the hard-to-abate sectors is that their decarbonization requires both demand and supply forces. We need significant demand reductions as well as material efficiency, recycling efforts and deployment of new technologies at the supply side.
Pracovná skupina pre priemysel
Pracovná skupina bude združovať rozhodujúcich a kľúčových aktérov V4, ktorí poskytnú odborné znalosti, vzájomné hodnotenia výskumu a budú pôsobiť ako ambasádori projektu.