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Chemical Processes and Use of CO2

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Chemical Processes and Use of CO2 ( chemical-processes-and-use-co2 )

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major challenges. In fact achieving the stated objectives means nothing less than the complete decarbonisation of our materials-based economy in the second half of the 21st century, i.e. a highly developed industrial society with zero carbon emissions. Germany is committed to reducing greenhouse gas (GHG) emissions by at least 40% of its 1990 levels by the year 2020. The goal for 2050 is to have reduced emissions by 80–95%. Decarbonisation will not only require innovative developments in technol- ogy and infrastructure, but also changes in consumer behaviour. The chal- lenges faced by a chemical industry predominantly based on fossil feedstocks are almost as great as those facing the transport and energy sectors. All of these industries therefore have to lower their reliance on petroleum, natural gas and coal significantly. If these fossil resources are considered purely as fuels, this goal appears feasible given the alternative sources of renewable energy now becoming available. However, access to photovoltaic systems or wind power provides few benefits to companies in materials-based in- dustries, i.e. to companies that process raw materials, as they will need to find sources of alternative non-petroleum-based feedstock. The emergence of the bioeconomy and renewable raw materials initially appeared to offer a solution. However, discussions on land use and land-use change have not only highlighted the limits of this potential solution, but have also identified carbon accounting issues that need to be addressed. Such discussions cannot be conducted without reliable data on the green- house gas intensities of products and their life cycles, and of services or even entire policy areas. Carbon accounting and carbon footprinting are now firmly established instruments used for assessment and evaluation purpo- ses and for assisting decisionmaking in government, business and society at Carbon footprint – A policy benchmark at all levels Fig. 111: Roadmap for greenhouse gases based on the German govern- ment’s climate and energy policies CO2-Aquivalents METHODOLOGICAL GUIDANCE 279

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