Making the EU the home of clean technologies manufacturing and green jobs
The Net-Zero Industry Act explained
The Net-Zero Industry Act is an initiative stemming from the Green Deal Industrial Plan which aims to scale up the manufacturing of clean technologies in the EU. This means increasing the EU’s manufacturing capacity of technologies that support the clean energy transition and release extremely low, zero or negative greenhouse gas emissions when they operate.
This Act will attract investments and create better conditions and market access for clean tech in the EU. The aim is that the Union’s overall strategic net-zero technologies manufacturing capacity approaches or reaches at least 40% of annual deployment needs by 2030. This will accelerate the progress towards the EU’s 2030 climate and energy targets and the transition to climate neutrality by 2050. It will also boost the competitiveness of EU industry, create quality jobs, and support the EU’s efforts to become energy independent.
The Act also simplifies the regulatory framework for the manufacturing of these technologies. This will help increase the competitiveness of the net-zero technology industry in Europe and also accelerate the capacity to store CO2 emissions.
The Act addresses technologies that will make a significant contribution to decarbonisation. It supports, in particular, strategic net-zero technologies that are commercially available and have a good potential for rapid-scale up. Such technologies strengthen the EU’s industrial competitiveness and energy system’s resilience while allowing the clean energy transition.
