Technical innovation plays a significant role in the achievement of the integrated goals of the European Union such as Energy Roadmap 2050 or Resource- efficiency. One main objective of the European Chemicals Legislation’s REACh is to enhance innovation. This should be triggered by the introduction of the candidate list and authorisation route, stimulating the development of safer alternatives to various chemicals.
The High Technology sector, dependent on a few innovative key materials, might be highly affected by such substitution-driven mechanisms.
Are EU decision-makers fully aware of the direct impact of REACh regulation on key materials, on the one hand, and their relevance for achieving the requirements and objectives of other policy areas, on the other?
- What should be the appropriate consistent regulatory framework to create a climate that is open to innovation more broadly?
- The High Tech sector is concerned about the potentially significant negative impact of REACh on innovation and business development. Are these concerns justified?
- What is the European semiconductors industry’s interpretation of “true innovation“? What is the role of other drivers for innovation such as energy or materials efficiency?