Basf Paris Agreement

In an open letter, BASF and 19 other major chemical companies in Europe supported an ambitious and legally binding global agreement on climate change at COP 21. The letter underlines the key role of innovation in the chemical sector in the fight against climate change and calls for Europe`s leading position in climate policy to be associated with global competitiveness. BASF signed the Paris action pledge, supported by more than 800 non-state actors. The signatories welcome the adoption of a new universal climate agreement at COP 21. This commitment reaffirms the signatories` strong commitment to a safe and stable climate, in which the temperature increase is less than 2 degrees Celsius, and their support for the agreement`s target to be met or exceeded. The Paris Agreement, a global agreement on climate change adopted at the UN climate change conference COP 21 2015, came into force on 4 November 2016. On the eve of the Paris meeting, BASF has repeatedly called for an ambitious global agreement reflecting the long-term goal of limiting global warming to less than 2 degrees Celsius. We welcome and support all necessary measures for the swift and effective implementation of the agreement. BASF supports an initiative by MEDEF, Afep and the Industry Circle calling for an ambitious agreement. With BASF, more than 60 companies and international organizations have pledged to support this initiative. The main proposals are: Brigitta Huckestein, BASF`s Senior Director of Energy and Climate Policy, said: “We support the UN targets for a comprehensive, long-term and reliable agreement on emissions reduction, preferably with an internationally binding co2 price.” [7] In order to enable significant new CO2 emission savings, it is necessary to put in place totally new technologies that we are already beginning to look at.

. BASF is a member of WBCSD and supports the “Climate Action and Policy” project to promote the development of effective global mechanisms to combat climate change through the interaction between commercial and political efforts. BASF supports the Paris agreement on climate change and is committed to an ambitious global fight against climate change. BASF AG is the third largest of the five large companies. BASF AG`s revenue is strongly focused on North America, followed by Europe, South America/Africa/Middle East and Asia-Pacific. [3] BASF has identified three main areas for the fight against greenhouse gas emissions in the chemical industry (see chart below): the framework conditions will also be key to the successful implementation of new climate-friendly production methods. New technologies require very large amounts of renewable energy at competitive prices. Sectors such as the chemical industry, which compete in an international market, cannot pass on to their customers the additional costs of low-carbon technologies.

Posted Thursday, April 8th, 2021 at 8:06 am
Filed Under Category: Uncategorized
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