The Commission proposed the Net-Zero Industry Act, with the aim of reaching an overall strategic net-zero technologies manufacturing capacity in the Union of at least 40% and achieving net zero emissions by 2050.
As highlighted by President von der Leyen in her statement on March 16, 2023: “We need a regulatory environment that allows us to scale up the clean energy transition quickly. The Net-Zero Industry Act will do just that. It will create the best conditions for those sectors that are crucial for us to reach net-zero by 2050: technologies like wind turbines, heat pumps, solar panels, renewable hydrogen as well as CO2 storage. Demand is growing in Europe and globally, and we are acting now to make sure we can meet more of this demand with European supply.”[1]
Cleary posts:
- May 13, 2024: What’s caught in the Net? Insights into the Net Zero Industry Act
- April 14, 2023: The Net-zero Industry Act: The European Commission’s Latest Initiative To Scale up the Clean Energy Transition
[1]See Statement by President von der Leyen, March 16, 2023, Brussels, available here.