Europe is taking the final chance of offering a revival of the industrial base which will look a lot different in the decades which follow. It is expected that the industrial base will look completely different around the year 2050 if the EU is to meet the targets for the chemical industry together with public investment.
The Paris Climate Change Targets
It has been agreed that the Paris climate change targets will be put forward in order to change the chemical industry of Europe. That involves public investments, but also key sectors which will fulfill the targets are the director general at the European Chemical Industry Council.
Who Is The DG of European Chemical Industry Council?
Marko Mensink is the man who has been appointed as the current director general of European Council that deals with Chemical Industry. In addition to that, he has more than sufficient experience to conduct this highly important European project.
MrMensink has not been a DG for a long period of time, but the results he had are astounding. Mr. Mensink has more precisely been on the position of DG since May 2016,which is pretty recently, and with members adding over 550 billion Euro to the EU economy annually, it also makes him the top of one of the most important organizations at the moment in Europe with many important goals attend to.Marco Mensink’ biography includes that he is a Dutch national who has an extensive network of contacts. In addition to that, it is also stated that he had started his shining career in Ernst and Young Management And Consulting.
What Is MrMensink worried about?
As the chair of this very important organization, he expressed his concern regarding the future of Europe in correlation with chemical industry. MrMensink has stated: “Our real worry is that Europe needs to get the innovations potentially coming out from Europe invested here. We need investments in the region, not only maintenance investments but real new technologies for those investments to come to Europe. That should be the number one political challenge.”
Target For EU?
The EU has already set a target for manufacturing 20% of the total GDP by 2030; however many major European countries already lag behind these industrial bases. It remains to be seen whether France, the UK, Italy and Spain will follow the lead of ever so progressive Germany which is doing far better with around 19% of the national output which comes from manufacturing.
Mensink believes that the governments should take the necessary risks regarding the investment in new technologies and that in the latter decades the EU had failed to do so. These new conditions will definitely facilitate keeping up the pace with the rest of the world.