"EU Enacts Net Zero Industry Act to Boost Green Tech Production"
Originally Published 1 year ago — by ESG Today
The European Council has approved the Net-Zero Industry Act (NZIA), a framework to boost Europe's manufacturing capacity for key decarbonization technologies, supporting the EU's climate neutrality goals. The NZIA aims for the EU to produce 40% of its annual deployment needs for clean technologies by 2030 and capture 15% of the global market by 2040. The legislation includes measures for workforce training, streamlined permitting, and the creation of industrial clusters to enhance competitiveness and energy security.