Sustainable forest management and fossil substitution in key role to enable EU’s green growth
European Commission has yesterday, 14th of July, published an extensive set of proposals on climate and energy policies, framing the pathway to carbon neutrality by 2050. These proposals begin a lengthy process to agree on the details. UPM is committed to supporting EU’s climate goals and has committed to the UN’s Business Ambition for 1.5°C. “We are in a unique position to offer positive climate impact through sustainable forestry, emission reductions in operations and by providing climate-friendly alternatives for substituting fossil consumption. The proposal sets a clear signal for the need to reduce emissions and focus on zero-emission energy”, states Stefan Sundman, Vice President, Public Affairs, UPM. In recent years, UPM has strongly invested in innovations that provide renewable drop-in solutions to substitute fossils. For example, UPM has invested heavily in biorefineries that provide new sustainable alternatives in advanced biofuels and biochemicals.