EU's net-zero industry act boosts clean tech manufacturing and green jobs

Green Forum
The European Commission welcomed the final adoption of the Net-Zero Industry Act (NZIA), setting the EU on a path to boost domestic manufacturing of key clean technologies. By creating a unified and predictable business environment, NZIA will enhance the EU's industrial base's competitiveness and resilience, supporting quality job creation and a skilled workforce.

President of the European Commission, Ursula von der Leyen, stated: “With the Net-Zero Industry Act, the EU now has a regulatory framework to rapidly scale up clean technology manufacturing. This Act provides optimal conditions for crucial sectors to help us achieve net zero by 2050. With growing demand in Europe and globally, we are now better equipped to meet this demand with European supply."

NZIA aims to reduce dependency on external technologies by increasing EU domestic production of net-zero technologies, making our energy system cleaner and more secure with home-produced clean energy sources.

Key measures of the Act:

NZIA sets a benchmark for strategic net-zero technology manufacturing to meet at least 40% of the EU's annual deployment needs by 2030. This provides predictability for manufacturers and investors.

The Act targets 50 million tonnes of annual CO2 injection capacity in EU geological storage sites by 2030 to support carbon capture and storage projects.

Investment conditions for net-zero technologies will be improved by simplifying permitting procedures, reducing administrative burdens, and facilitating market access.

Public procurements for clean technologies must consider sustainability, resilience, and cybersecurity.

Member States can support net-zero technologies like solar, wind, heat pumps, nuclear, hydrogen, batteries, and grid technologies through ‘strategic projects' with priority status and streamlined procedures.

Energy-intensive industries investing in decarbonization can receive support through NZIA measures.

Net-Zero Acceleration Valleys will foster clusters of net-zero industrial activity in the EU.
The Act includes investment in education and training, establishing Net-Zero Industry Academies to train 100,000 workers within three years, and supporting the mutual recognition of professional qualifications.

Regulatory sandboxes will allow the testing of innovative net-zero technologies under flexible conditions.

The Net-Zero Europe Platform will serve as a central hub for coordination, information exchange, and stakeholder input.

By setting clear targets and improving investment conditions, NZIA positions the EU as a leader in the clean tech sector, ensuring a sustainable and secure energy future.

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Green Forum  |  20 June, 2024 at 8:04 AM