MEPs adopt position on Net Zero Industry Act

Article summary

MEPs have adopted their position on the 'Net-Zero Industry Act', a piece of legislation setting a target for the EU to produce 40% of its annual deployment needs in net-zero technologies by 2030, based on National Energy and Climate Plans and to capture 25% of the global market value for these technologies. It also intends to deal with the challenges in scaling up manufacturing capacities in these technologies. Through the amendments, MEPs broadened the scope of the draft legislation to encompass the entire supply chain, including components, materials, and machinery for producing net-zero technologies, proposing a wider, more comprehensive list of technologies to be covered, to be updated periodically. MEPs also included nuclear fission and fusion technologies, sustainable aviation fuels, and specific industrial technologies. The law retains two project classifications—net zero technology manufacturing projects and net-zero strategic projects. It also aims to streamline the permitting process, setting a timeline of 9–12 months for regular projects and...