This week, Climate Week NYC is hosting a virtual meeting to bring together businesses, government leaders and climate advocates in New York City and more than 20 countries around the world in what is being billed as the biggest climate summit taking place this year.
Climate change is a global challenge that requires long-term commitment and action by every segment of society, and innovations in chemistry are critical to achieving efficient, effective climate change solutions to help enhance sustainability.
In fact, a report just released by the World Economic Forum states that the chemical industry can play an important role in helping provide solutions that meet growing consumer demand for sustainable products and help drive toward a more renewable, circular and resilient future.
As Congress develops strategies to fight climate change, ACC members have adopted a set of Climate Policy Principles outlining our commitment to making sustainable progress toward reducing greenhouse gas (GHG) emissions, while minimizing impacts to society.
At the same time, climate policies must allow for the competitiveness of U.S. manufacturing. Many of the products made by energy-intensive industries such as the chemical industry help society reduce GHG emissions and are essential to achieving climate progress.
Chemistry-based products and technologies support the fight against climate change through a variety of applications that help save energy and reduce GHG emissions, such as renewable energy resources like wind and solar, electric and high-efficiency vehicles and energy-efficient building materials. For example:
In addition, the chemistry industry is continually looking for ways to reduce emissions in our own processes while providing solutions that help society reduce GHGs, and tracking our progress. ACC’s Sustainability Principles include a commitment to achieving measurable reductions in GHG emissions in the manufacture and distribution of our products. Through Responsible Care®, ACC members measure and report their GHG intensity and most recently reported a 20 percent reduction in GHG intensity from 2018 to 2019.
A combination of technology, market-based and policy solutions will be needed to reduce GHG emissions and achieve climate goals, such as those of the Paris Agreement. The chemical industry is committed to leveraging its resources, technologies and innovations to continue to drive progress toward a better future for us all.