Green Deal and Transformation by Innovation - an Economic Assessment of the Austrian Chemical Industry

The chemical industry plays a key role in achieving the climate targets in Austria and the EU. From an economic perspective, the prerequisites and elements necessary to fulfil this role are examined. To this end, the starting position of the chemical industry in Austria is considered first – in terms of its position in the economic value chain, its importance for employment and foreign trade, and its relative position in terms of innovation and digitalisation compared with other industries. In the course of an empirical survey, primary data is obtained that provides insights into the prospects of the chemical industry in Austria and sheds light on adaptation paths that contribute to achieving climate neutrality.