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BASF supports a global climate protection agreement

December 2015

How can we limit global climate change? International representatives and experts are addressing this question at the 21st United Nations Climate Change Conference (COP 21), in Paris. The common goal is to limit global warming to two degrees Celsius compared to pre-industrial levels.

There is no doubt that climate change is a global challenge that can only be mastered if all parties involved work together, be they from politics, science, the economy, or society in general.

Prior to the conference, BASF called for an ambitious climate protection agreement together with numerous international companies, for example via the European Chemical Industry Council (Cefic).

“We support the United Nations’ goals for achieving a global, long-term, and reliable agreement to reduce emissions – preferably with an internationally binding price for CO2. This regulatory climate protection framework provides an essential basis for innovations and long-term investments in low-emission future technologies,” said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE.

The key lies in solutions that reduce emissions of greenhouse gases like CO2 and enable more efficient use of available fossil energy resources. At the same time, it is important to ensure the standard of living of a continuously growing world population.

Chemistry already plays a crucial role in developing solutions and future technologies. For example, 23 percent of BASF’s products make a substantial contribution to sustainability – including in the area of climate protection. The company aims to increase this percentage even further in the future. BASF spends more than 50 percent of its annual research and development budget on solutions for climate protection as well as energy and resource efficiency. This includes innovations in the field of battery research for future mobility, as well as continuously developing products such as state-of-the-art insulating materials.

“The goal of the Paris conference must be to reach an agreement that holds all nations accountable and enables our industry to successfully play our key role in developing solutions for climate protection,” said Bock.