Deal Reached to Boost Europe’s Net-Zero Technology Production
In a significant step towards industrial decarbonisation, the European Parliament and Council negotiators have reached a provisional agreement on the Net-Zero Industry Act. The legislation aims to enhance EU production of clean technologies, making the internal market fit for the green transition while ensuring energy security and industrial competitiveness.
The Act sets ambitious targets, including producing 40% of Europe’s annual net-zero technology deployment needs by 2030 and capturing 15% of the global market value for these technologies. To achieve this, the legislation simplifies permitting processes, introduces Net-Zero Acceleration Valleys, and establishes sustainability and resilience criteria for public procurement and renewable energy auctions.
Key Measures in the Agreement:
Simplified permitting procedures with defined maximum timelines for approvals.
Creation of Net-Zero Acceleration Valleys to speed up industrial decarbonisation projects.
Resilience criteria to reduce reliance on non-EU suppliers, with limits on non-EU imports exceeding 50% of supply for key technologies.
New rules for public procurement and auctions, ensuring a minimum share of renewable energy projects meet sustainability standards.
Funding from ETS revenues and the Strategic Technologies for Europe Platform (STEP) to support strategic projects.
Next Steps: The agreement now awaits formal approval by both the European Parliament and the Council before becoming law. The Industry, Research, and Energy Committee will vote on the file in an upcoming session.