🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

EU Commission eyeing exemptions for 'forever chemicals' ban, letter shows

Published 08/05/2024, 13:34
Updated 08/05/2024, 18:05
© Reuters. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023. REUTERS/Johanna Geron/File Photo

By Kate Abnett and Ludwig Burger

BRUSSELS/FRANKFURT (Reuters) -The European Commission is planning to allow exemptions from a proposed ban on substances known as PFAS, or "forever chemicals", to protect key industries, a letter seen by Reuters on Wednesday showed.

In the letter to some EU lawmakers in her EPP parliamentary group, Commission President Ursula von der Leyen said the Commission would propose exemptions allowing the chemicals' use to continue in certain sectors, such as those where the social or economic cost of the ban would outweigh the reduction in health or environmental risks posed by the chemicals.

"On this basis, the Commission intends to propose derogations for uses necessary for the EU's digital and green transition and strategic autonomy, pending viable alternatives," said the letter, dated April 5.

The letter said a full ban could put at risk investments in technologies such as semiconductors and batteries, which are crucial to Europe's shift to low-carbon energy.

"Our goal is to combat PFAS pollution while ensuring the investment security of key technologies," it said. The letter was first reported by German newspaper Welt.

A European Commission spokesperson told Reuters it intends to grant exemptions from the PFAS ban "for uses where alternatives are not available and there would be disproportionate socio-economic costs, while ensuring minimisation of PFAS emissions".

In February last year, the EU started to consider a ban of the widely used but potentially harmful substances, in what could become the bloc's most extensive piece of regulation of the chemical industry.

PFAS chemicals are used in thousands of products and machines, including drugs, cars, textiles and wind turbines due to their long-term resistance to extreme temperatures and corrosion.

PFAS do not break down in the environment due to an extremely strong bond between carbon and fluorine atoms. That has earned them the moniker "forever chemicals", and raised concerns about the long-term consequences of a build-up of PFAS over time in the environment, drinking water and the human body.

Certain PFAS can harm foetuses, and several may cause cancer in humans, according to the European Chemicals Agency.

© Reuters. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023. REUTERS/Johanna Geron/File Photo

Politicians including German Economy Minister Robert Habeck have said PFAS should be phased out in circumstances where they cannot be used safely for humans and the environment, while warning that an outright ban could hamper the production of key green technologies in Europe.

Industries including European chemical makers' association Cefic have raised similar concerns, arguing a ban would hobble the production of batteries, semiconductors, electric vehicles and renewable energy production.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.