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European Commission Proposes Net-Zero Industry Act to Boost Clean Technologies Manufacturing

This proposal, presented as part of the Green Deal Industrial Plan, is designed to fortify the resilience and competitiveness of net-zero technologies manufacturing while advancing the EU's clean-energy transition.

November 23, 2023. By News Bureau

The European Commission has unveiled the Net-Zero Industry Act, a transformative initiative aimed at accelerating the manufacturing of clean technologies within the European Union (EU). 
 
This proposal, presented as part of the Green Deal Industrial Plan, is designed to fortify the resilience and competitiveness of net-zero technologies manufacturing while advancing the EU's clean-energy transition.
 
The Act, outlined by EU President Ursula von der Leyen, intends to create favourable conditions for establishing net-zero projects in Europe, attracting investments, and ensuring the Union's strategic net-zero technologies manufacturing capacity reaches or exceeds 40 percent of deployment needs by 2030. 
 
President von der Leyen emphasized the importance of a regulatory environment conducive to rapidly scaling up the clean energy transition. The Net-Zero Industry Act is positioned to support key sectors critical for achieving net-zero by 2050, including wind turbines, heat pumps, solar panels, renewable hydrogen, and CO2 storage. The legislation responds to the growing demand for these technologies in Europe and globally, with a strategic focus on meeting this demand through European supply.
 
The Act is part of a broader European framework, complemented by the proposal for a European Critical Raw Materials Act and the reform of the electricity market design. Together, these initiatives aim to reduce the EU's reliance on highly concentrated imports, drawing lessons from past challenges such as the Covid-19 pandemic and energy crises triggered by geopolitical events.
 
The proposed legislation specifically targets technologies pivotal for decarbonisation, encompassing solar photovoltaic and solar thermal, onshore and offshore wind, batteries and storage, heat pumps, geothermal energy, electrolysers, fuel cells, biogas/biomethane, carbon capture, utilization and storage, grid technologies, sustainable alternative fuels, advanced technologies for energy production from nuclear processes, small modular reactors, and related best-in-class fuels. 
 
Strategic Net Zero technologies identified in the Regulation's Annex will receive particular support and are subject to a 40 percent domestic production benchmark.
 
President von der Leyen concluded, "The Net-Zero Industry Act will play a crucial role in propelling Europe towards a sustainable and secure energy future, creating jobs, supporting the economy, and positioning the EU as a leader in clean technologies on the global stage." 
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