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EU’s Net-Zero Industry Act aims to bring home clean tech production
(EurActiv, 17 Mar 2023) The European Commission tabled its net-zero industry act on Thursday (16 March), setting a goal for the EU to domestically produce at least 40% of the technology it needs to achieve its climate and energy targets by 2030.
“We need a regulatory environment that allows us to scale up the clean energy transition quickly,” said European Commission President Ursula von der Leyen.
“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,” she added.
The proposed law aims at speeding up permitting and increasing access to finance for clean tech. Supported technologies include solar, wind, batteries and storage, heat pumps and geothermal energy, electrolysers and fuel cells, biogas/biomethane, carbon capture, utilisation and storage, and grid technologies.
Under the law, each of these should aim to have two fifths of their production in the EU by 2030, although this won’t be a legal obligation.
“We aim to manufacture at least 40% of our deployment needs in Europe. Of course, we will continue to trade with our partners. Not everything will be made in Europe, but more should be made in Europe,” said EU climate chief Frans Timmermans.
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EurActiv, 17 Mar 2023: EU’s Net-Zero Industry Act aims to bring home clean tech production
