Plans to boost Europe’s Net-Zero technology production
On Thursday, MEPs are set to adopt legislation intended to bolster Europe’s production in technologies needed for decarbonisation.
The "Net-Zero Industry Act", already agreed upon with the Council, sets a target for Europe to produce 40% of net-zero technologies such as solar panels, heat pumps, or electrolysers, by 2030 and to capture 15% of the global market value for these technologies. It also addresses the challenges in scaling up manufacturing capacities in these technologies.
During negotiations, MEPs ensured that technologies in the renewables sector, nuclear, industrial decarbonisation, grid, energy storage technologies, and biotech would all be supported. The law will simplify the permitting process, setting maximum timelines for projects to be authorised depending on their scope and output.
The legislation will encourage funding from national Emission Trading System (ETS) revenues and for most strategic projects through the Strategic Technologies for Europe Platform (STEP).
Procedure Code: 2023/0081(COD)
Debate: Thursday 25 April
Vote: Thursday 25 April
Procedure: Ordinary legislative procedure, first reading agreement