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Operations is an essential part of a value chain. Its emissions lead to increasing costs under ETS and energy taxation impacts, for example during the manufacturing process. In order to achieve a sustainable value chain, a thorough understanding of the embedded emissions and potential decarbonisation options is essential.
The introduction of carbon taxes and other green taxes and incentives will have a major impact on your value chain. This makes the Fit for 55 Package, presented by the European Commission on 14 July 2021, very relevant. The package introduces three main carbon pricing instruments: the EU emission trading system (EU ETS), the carbon border adjustment mechanism (CBAM) and the energy taxation directive (ETD). This should enable Europe to reduce domestic net greenhouse gas emissions by at least 55 percent by 2030 and become the world's first climate-neutral continent by 2050.
This third ESG animation outlines the potential impact and sketches some possible solutions for an overall business strategy fit for your value chain in a low carbon economy. So do watch our follow-up ESG animation on value chain and feel free to contact us to discuss your approach.
What does the energy transition, the 'Fit for 55 package' and increased carbon pricing mean for your value chain? In this animation, we explain it to you. More animations will follow in the coming weeks, with deep dives into hydrogen, mobility and more. Ready to optimise your value chain? Let's talk!
For more information on the Fit for 55 package, please visit Fit for 55: EU bets on energy savings and greener buildings to meet climate target.
For more information on the energy transition tax angles and our services, please visit Managing tax and energy transition.
Energy - Utilities - Resources Industry, Tax, Partner, PwC Netherlands
Tel: +31 (0)65 154 18 97
Partner, Energy transition and sustainable energy, PwC Netherlands
Tel: +31 (0)65 160 08 61
Director (Tax) - Energy, Utilities & Resources, PwC Netherlands
Tel: +31 (0)63 419 61 08
Manager - Tax, Sustainability and Incentives, PwC Netherlands
Tel: +31 (0)62 380 36 54
Manager Indirect Taxes, PwC Netherlands
Tel: +31 (0)61 029 42 75