This week, Barack Obama will be in Europe for the EU-US Summit. This is a great opportunity for Europe and the United States to strengthen their relationship. It is also an opportunity for industry to show its engagement on global issues that affect both sides of the Atlantic.
This Summit follows the negotiations on climate which took place in Bonn last week. Both the US and the EU have a strong responsibility remain transparent and ensure that international action goes forward on this urgent matter. Out of these discussions, it is interesting to note that they considered the important mitigation potential of energy efficiency. This potential is visible in a wide range of sectors, such as buildings, transport, or appliances.
Polyurethane is involved in all those sectors and helps reduce their environmental footprint. In buildings, polyurethane contributes to efficient and lasting insulation, reducing CO2 emissions and energy consumption. In transport, polyurethanes help lighten the weight of vehicles, thus reducing the amount of fuel need to power them. Polyurethanes are also used in domestic appliances, for example as insulator in refrigerators and freezers.
This Summit will be crucial in the negotiations between Europe and the US on a major trade agreement, the transatlantic trade and investment partnership, or TTIP. The presence of the American president in the capital of Europe is a strong signal of the willingness of both parties to go forward in this cooperation, which will benefit Europeans and Americans alike.
TTIP is an opportunity for jobs and growth on both sides of the Atlantic, and ISOPA looks forward to a transparent process and agreement that tackles climate change, creates jobs and growth, and supports innovation and competitiveness without deteriorating high European safety standards.
To learn more about what we do to help fight climate change and enhance competitiveness, have a look at our website.