EU’s Net-Zero Industry Act Aims to Bring Home Clean Tech Production
The European Commission tabled its net-zero industry act on March 16, 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 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, electrolyzers and fuel cells, biogas/biomethane, carbon capture, utilization and storage, and grid technologies.