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The European Commission presented its proposal for an ambitious and dynamic Multiannual Financial Framework (MFF), amounting to almost EUR 2 trillion (or 1.26% of the EU's gross national income on average between 2028 and 2034). This framework will equip Europe with a long-term investment budget.
The Action Plan for the Chemicals Industry aims to strengthen the competitiveness and modernisation of the sector. It will address key challenges, namely high energy costs, unfair global competition and weak demand, while promoting investment in innovation and sustainability.
Designed to boost the product lifespan, energy efficiency, and ease of repair, the measures will also help consumers make more informed and sustainable purchasing choices.