The world in a nutshell
In the face of the escalating challenges posed by climate change, the imperative for societal transformation has never been more evident. Addressing this global crisis requires a collective effort grounded in informed analyses and factual understanding. Our commitment lies in providing comprehensive insights and data-driven perspectives to empower individuals and organisations in navigating the complexities of climate change. Through rigorous research and a dedication to accuracy, we strive to contribute to the essential dialogue surrounding the societal shift needed to combat climate change effectively. Together, armed with knowledge and understanding, we can pave the way for a sustainable future.
Renewable carbon to enhance defossilisation
Chemistry is present in virtually every modern product to achieve the desired performance. It is at the beginning of almost every value chain and is essential to our daily lives. Carbon is a critical component of most chemicals and materials – rightly described as universal building block for life – but to date 90% of the embedded carbon comes from fossil carbon in the ground, oil, natural gas and coal, and is ultimately released into the atmosphere as CO2.
To decouple chemistry from fossil carbon, other sources of carbon must be found that do not lead to additional CO2 emissions. To be truly sustainable, the chemicals and materials industry of the future must source carbon feedstocks exclusively from the atmosphere, biosphere and technosphere, keeping carbon inherently renewable and in sustainable carbon cycles. The equivalent of decarbonisation in the energy sector through renewable energy is the transition to renewable carbon in the chemical and materials industry. Both strategies imply the defossilisation of these industries.
On the way to a circular economy
Almost a decade ago the European Commission (EC) presented its Circular Economy Strategy and the related Action Plan “Closing the loop”. Circular economy is understood as a restorative, regenerative model where nothing is lost and everything feeds a new cycle. Nonetheless, the circular economy is still at an early stage, stronger on paper than in practice, where most of the economy is still linear. But the concept of circular economy has significant potential and is crucial to enable sustainability within our planetary boundaries.
The bioeconomy encompasses the production or conversion of renewable biological resources and waste streams into value added products, such as food, feed, bio-based products and bioenergy. Cascading use is a strategy to use biomass as long, often and efficiently as possible for materials and only to recover energy from the end of life. The cascading use of biomass is strongly overlapping with the concept of the circular economy. In this respect, the EC´s Bioeconomy Strategy has anticipated main concepts that were subsequently further developed in the Circular Economy Package, as applied to the biological resource.
Sustainability as the key to success
The meaning of the term “sustainability” goes far beyond an empty phrase and represents a solution for a future-oriented, modern and liveable world. As defined by the UN`s Brundtland Commission, sustainability means “meeting the needs of the present without compromising the ability of future generations to meet their own needs”. It is a holistic approach that balances environmental, social and economic considerations. At a time when global challenges such as climate change and social inequality are on the rise, the need for a sustainable way of life is becoming ever more apparent and economically significant.
Sustainability reporting has become essential for many companies. Transparent reporting on environmental and social impacts is not only required by legislation, but is also deliberately used to promote sustainable business practices and innovative technologies of a company. Society is undergoing a dramatic shift towards a sustainable mindset, which is gaining momentum not only nationally but also internationally. This transformative process is essential for global sustainable development and is particularly relevant for companies that need to operate, develop, optimise and communicate in this environment. If done right, transparent reporting on sustainability efforts can turn into a competitive advantage.