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HOW IS SLOVAK INDUSTRY PREPARING FOR THE FUTURE?

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Published on Streamed live on Nov 12, 2024

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In recent years, the industry has been calling for the implementation of climate policies, which the new European Commission wants to take into account during the implementation of the green agreement over the next five years. This means less regulation, investments in clean energy and technology, and legislation to support the greening of energy-intensive sectors. A condition for successful decarbonization is the creation of demand for low-carbon/emission-free materials used in production. Like other emission reduction technologies such as clean hydrogen production, carbon capture and storage (CCS) and carbon utilization (CCU) or feedstock recycling, they require extensive investment. The question of which technology will ultimately be disruptive in each industry remains open, so the industry lacks a clear business case. High operating costs for the production of more ecological products are also a problem. These are often higher than with traditional technologies, as the prices of electricity and low-carbon fuels such as green hydrogen or biomethane are high in Europe. There is also a lack of a market for green products, which is a condition for a return on investment in reducing industrial emissions. The long cycle of investments in hard-to-decarbonize sectors also requires predictability of rules, which reduces the riskiness of investments. What are the pressing needs of industry to continue investing in emissions reductions? How to start markets with green inputs for industrial customers in Europe and Slovakia? How to ensure access to affordable green energy and hydrogen? How to maintain or increase the competitiveness and resilience of the European (chemical) industry vis-à-vis the United States and China and at the same time invest in decarbonisation? How do companies think when introducing new technologies to support decarbonisation? The following invited to the discussion: IVAN ŠTEFUNKO, Member of the Slovak Parliament and Vice-President of Progresívne Slovakia KRISTÍNA MOJZESOVÁ, Director of the Department of Expenditure Policies and Impact Assessment, Institute of Environmental Policy, Ministry of the Environment of the Slovak Republic IVAN STAŇA, Country Manager, BASF Slovakia TOMÁŠ BESEDA, Director of New & Sustainable Businesses , Slovnaft MATÚŠ MIŠÍK, docent and analyst of European energy policy, Department of Political Science, Charles University in Bratislava The discussion is moderated by IRENA JENČOVÁ, senior editor of the EURACTIV Slovakia portal.

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