Looking at the European Green Deal Through the Lens of the Marine Ingredients Industry
The following is a guest editorial that Petter M. Johannessen, Director General of IFFO, provided to GOED, a partner organization to IFFO.
The marine ingredients industry is delighted with the European Commission’s recent announcement of a European Green Deal to become the world’s first climate-neutral continent by 2050. IFFO, The Marine Ingredients Organisation is fully convinced that growth does not always mean more, but also better. In our view, this deal will trigger even more innovation in the sector and contribute to increased efficiency and competitiveness.
The European Commission’s observation seems to us to be clear and lucid: EU’s industry accounts for 20% of the EU’s emissions. More than 90% of biodiversity loss and water stress come from resource extraction and processing. Only 12% of the materials used by EU industry come from recycling. In March 2020, the EU will adopt an industrial strategy that will support the green transformation: “A key aim will be to stimulate the development of new markets for climate neutral and circular products. The decarbonisation and modernisation of energy-intensive industries are essential.”