The Roadmap projects the need for €44 billion more investment - a 40% increase on current levels - to transform industry in Europe and lead the low-carbon bioeconomy by 2050.

The Confederation of European Paper Industry (CEPI) pioneered in 2011 the first low-carbon industry Roadmap. It is today the first industry to table a blueprint to bolster industry transformation. Today the industry reaffirms its vision that decarbonisation and growth are mutually compatible and calls for a better alignment of policy, research and financing conditions to boost investment in Europe.

“Since our first Roadmap in 2011 the paper industry has invested €15 billion in Europe. More must be done to accelerate industry transformation in Europe over the next decade” say Sylvain Lhôte CEPI’s Director General. “It is now essential to lift-off the low-carbon bioeconomy and pace of transformation”  

From energy efficiency to deployment of breakthrough technologies, emissions reduction pathways were estimated to require a combined additional investment of €24 billion by 2050. A further €20 billion of investment would be required to boost the production of new low carbon bio-based products.

“The European Commission has rightly put the focus back on investment” adds Sylvain Lhôte “However; it lacks a long-term commitment to drive manufacturing investments back to Europe. The time to act is now; the policy framework for the next decade is being shaped now and over the next three years”.   

The full version of the Roadmap can be consulted here.