EU Commission wants 40 percent of key green technologies from European production by 2030

On March 16, the European Commission presented the »Net-Zero Industry Act« (photo: Frans Timmermans, Commissioner for Climate Action and Thierry Breton, Commissioner for Internal Market and Services). The proposed legislation aims to ensure the net-zero target (the achievement of climate neutrality through »net-zero« emissions) by 2050. The legislation requires that the Union’s production capacity for »net-zero strategic technologies« that will make a significant contribution to decarbonization »approaches or reaches at least 40% of the Union's deployment needs by 2030.«
Among the strategic net-zero technologies to be particularly promoted, the EU Commission includes photovoltaics and solar thermal energy, wind power, batteries and storage, as well as carbon capture and storage technologies. In addition, alternative fuel technologies and »advanced nuclear power generation technologies« will also be supported.
Key measures include favorable investment conditions, including through shorter approval periods as well as streamlined procedures, easier market access, for example through mandatory sustainability criteria in public tenders, promotion of innovation, and a »Net-Zero Europe« platform to help the Commission and member states coordinate measures.
The proposals will now be discussed by the European Parliament and the Council of the European Union.

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