The road map outlines ways to reduce greenhouse gas emissions. The Confederation of European Paper Industries (CEPI) has a vision of leading Europe's bioeconomy transition towards 2050 by cutting its carbon footprint by 80% while creating more than 50% more added value.
Currently, the European paper industry is investing 3-3.5 billion euros annually. Investments for the development of decarbonization technologies in Europe and the development of new biotechnological products would require a further €44 billion, which is 40% more than today's level, by 2050, explained Slyvain Lhôte, director general of the association.