07 July 2009 11:34 [Source: ICIS news]
BRUSSELS (ICIS news)--The chemical industry's greenhouse gas (GHG) emissions savings are more than double the industry's GHG emissions, the International Council of Chemical Associations (ICCA) claimed on Tuesday.
The ICCA made the claim this morning in ?xml:namespace>
The study, carried out by management consultancy McKinsey & Co, found that for every unit of GHG emitted directly and indirectly by the chemical industry, the industry enabled more than two units of emission savings via products and technologies provided to other industries and consumers.
The chemical industry hopes the findings will clarify the role the sector can play in tackling climate change as world leaders gather to agree to limit the global temperature rise to 2°C above pre-industrial levels.
The study also found that by 2030, the ratio of GHG emission savings to emissions could increase to more than “4:1”, provided certain actions are taken by industry, stakeholders and policymakers.
The most significant emissions savings by volume were found to be from building isolation materials – such as expanded polystyrene, extruded polystyrene or polyurethane – agrochemicals, lighting, plastic packaging, marine anti-fouling coatings, synthetic textiles, automotive plastics, low-temperature detergents, engine efficiency and plastics used in piping
The ICCA said the report was critically reviewed before publication by the environmental consultancy Öko Institut and claimed the chemical industry was the first global industry to embark on such an initiative.
The study will be launched in the
ICIS news will publish a full analysis of the report, including interviews with leading industry players, later on Tuesday.
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