European Commission Proposes 'Net Zero Industry Law' to Accelerate Cleantech Manufacturing
Summary
On June 29, Global Energy Monitor (GEM), an independent research group headquartered in San Francisco, USA, recently published a report saying that wind and solar energy are booming in China, which may help limit global carbon emissions faster than expected.
The initiative, announced by EU President Ursula von der Leyenv, aims to scale up the manufacturing of clean technologies and facilitate the EU's transition to clean energy.
European Commission President Ursula von der Leyen said: "We need a regulatory environment that enables us to rapidly scale up the clean energy transition. The Net Zero Industry Act will do that."
She continued, "It will create the best conditions for those industries that are critical to our goal of achieving net zero emissions by 2050: technologies such as wind turbines, heat pumps, solar panels, renewable hydrogen and carbon dioxide storage."
"Demand is growing in Europe and globally, and we are acting now to ensure we can meet more of that demand with European supplies," von der Leyen added.
Why a Net Zero Industrial Act?
The Net Zero Industry Act aims to strengthen the resilience and competitiveness of net zero technology manufacturing, attract investment, and accelerate progress towards the EU's 2030 climate and energy goals and transition to climate neutrality.
According to the European Commission, the Net Zero Industry Bill, together with the European Critical Raw Materials Bill proposal and electricity market design reforms, establishes a clear European framework to reduce the EU's dependence on highly concentrated imports.
The proposed legislation addresses technologies that will make a significant contribution to decarbonisation, including:
Solar Photovoltaic and Photothermal
Onshore Wind and Offshore Renewables
battery and storage
Heat Pumps and Geothermal Energy
Electrolyzers and Fuel Cells
Biogas/Biomethane
Carbon capture, utilization and storage, and grid technologies
sustainable alternative fuel technology
Advanced technologies for generating energy from nuclear processes, fuel cycles, small modular reactors and associated first-in-class fuels produce minimal waste.
"These net-zero emission technologies identified in the annex to the regulation will receive special support and be subject to a 40% domestic production benchmark," the European Commission said.
The Net Zero Industry Act would reduce the administrative burden of setting up projects, simplify the licensing process, set EU carbon storage targets, encourage sustainable public procurement or auctions, and establish a Net Zero Industrial Academy and regulatory sandbox.
Article source: accesspath
