The interim decarbonization targets (typically by 2030-2035) of the chemical companies we rate are technically feasible without materially disrupting the sector’s cost structures, and with limited financial impacts. Decarbonization over that time frame could largely rely on energy efficiency gains and the electrification of certain processes. It will also hinge on external factors such as the availability of sufficient renewable energy. Inconsistent regulation across regions, in globalized chemical markets, could create uncertainties and diverging effects.