Outcome of the 3rd Expert meeting of the Refining Forum – January 2020
The third expert meeting of EU Refining Forum, which took place in the premises of the EU Commission, recognised the fundamental role of Energy Intensive Industries (EIIs) in industrial value chains and highlighted the reference work developed in the Masterplan as a key contribution to the upcoming EU Industrial Strategy. Attracting investments for this industrial transformation will be paramount. Commission and taxonomy experts clearly stressed that the sustainable finance policy is not intended to restrict investment in some sectors. Converging calls nevertheless requested definitions of sustainable finance and climate-neutrality to be consistent throughout the EU to allow a clear and progressive understanding. Finally, Member States and industry called for the continuation of the Refining Forum for the coming years.