Sector Importance for Sustainable Finance:
Chemicals comprise possibly over 5% of global emissions and is a hard to abate sector.
Chemicals is a key base material that are in almost everything we use and is heavily reliant on fossil fuels as a feedstock in the production.
The industry is very diverse and there are lots of constraints on implementing various solutions.
Talking Points:
- Can bio-stock be good feedstock for chemicals?
- How do we remove fossil fuels from the feedstock and “cracking” process?
- What are alternatives to chemicals?
- What are the best transition pathways and are these cost effective?
Useful Links:
https://www.iea.org/fuels-and-technologies/chemicals
https://sciencebasedtargets.org/sectors/chemicals
https://www.transitionpathwayinitiative.org/sectors/chemicals
Previous Transactions:
- BASF: Green Bond
- Altech: Green Bond
- Bayer: Green Bond