The Act also seeks to capture a 15% global market share for these technologies, covering a broad spectrum including renewable energy, nuclear power, grid solutions, energy storage and biotech advances. learn. A key reform introduced by the law is to simplify the permitting process, establishing maximum timelines for project permitting based on their scale and impact.
To advance this initiative, this legislation will facilitate the creation of a 'Net-Zero Acceleration Valley'. These will speed up environmental assessments by allowing member states to handle parts of the evidence collection, thereby accelerating the deployment of new technologies.
The EU Parliament passed the Net-Zero Industry Act to increase EU production of decarbonization technologies, targeting 40% of local production by 2030 and aiming for 15% of the global market. The law simplifies permitting processes and introduces Net-Zero Acceleration Valley to accelerate projects. It encourages the adoption of sustainable technology.
Domestic support programs will be tailored to encourage consumers to adopt sustainable technologies such as solar panels and heat pumps more quickly. In addition, public procurement and auctions of renewable resources will have to meet sustainability and resilience criteria.
Funding for these strategic projects will be enhanced by revenues from the National Emissions Trading System and the Strategic Technology Platform for Europe (STEP), marking a step towards the establishment of a Master fund. European rights.
The Act was passed by a significant majority, with 361 votes in favor, 121 votes against and 45 abstentions. It now awaits formal approval by the Council before becoming law, as Europe seeks to reduce its dependence on non-EU countries for clean energy technology and meet its 2030 and 2050 climate goals.
“This vote is good news for European industry and sets the stage for the next term. To achieve all our economic, climate and energy ambitions, we need industry in Europe. This Act is the first step in making our markets fit for this purpose,” he said. MEP leader Christian Ehler (EPP, DE).
Fiber2 fashion news desk (KD)
