published: 17-10-2018
Impact of phasing out Chrome VI for The Netherlands The Chrome VI sector comprises almost 1,400 enterprises, employing over 21,000 people and turning over 5.3 billion euro. In case of a seven year authorisation review period, the Chrome VI sector is expected to decline by roughly 9%; in the case of a four year authorisation review period, the decline would amount to over 40%. If no authorisation review period would be granted, the decline in the sector will be about 60%, which is equivalent to a turnover loss of over 3 billion euro. Almost 13,000 jobs will be lost in the sector, and 800 enterprises will disappear. Macroeconomic effects are significant, particularly if no authorisation is granted. In that case, GDP will decrease by 0.3%.
Impact of phasing out Chrome VI for the EU The Chrome VI sector in the EU as a whole consists of over 42,200 enterprises, employing almost 750,000 persons, with a turnover of some 153 billion euro. The turnover loss of phasing out the use of Chrome VI in the sector for the EU as a whole varies between -10% if authorisation is granted for seven years, and -57% (or -90 million euro) if no authorisation is granted. In the latter case, over 400,000 jobs will be lost. The EU GDP will decrease by -0.4%.
About the study ‘Economic Impact Authorisation Chrome VI’ Panteia used its macro-sectoral economic model PRISMA for The Netherlands. By doing so, also additional impact on other sectors of industry as well as at the macro-economic level could be calculated next to the impact on the Chrome-VI sector itself. In addition, Panteia applied its World Input-Output Model (WIOM) to calculate the impact at the EU level. Three scenarios for phasing out the use of Chrome VI have been reviewed: an authorisation review period of seven years, an authorisation review period of four years, and a scenario in which no authorisation is granted at all.