Promotion of sustainable development in the chemicals sector
The principle of Sustainable Development is set out in the Treaty on European Union. Sustainable Development as a concept aims to meet human needs of the present generation without compromising the ability of future generations to meet their legitimate needs.
The European Union is strongly committed to sustainable development. Global warming and use of the world's dwindling natural resources are on the top of the political agenda in recent years. The chemicals industry will have a key role in finding solutions for new materials and technologies to increase sustainability.
The challenge is to find the right balance between EU's environmental, economic and social priorities. This includes trying to draft policies to improve the EU's industrial, economic and commercial competitiveness, while giving due consideration to the planet's future prospects. This is huge challenge, particularly as many of Europe's competitors in the global economy do not place as much emphasis on sustainable development.