EC Proposes Net-Zero Industry Act to Spur Green Technology Investment

May 2, 2023

The European Commission last month announced a proposed Net-Zero Industry Act designed to drive the investment in and the growth of the clean technology manufacturing sector. The proposed Act is part of the Green Deal Industrial Plan announced in February.

The animating goal of the Net-Zero Industry Act is to create a hospitable regulatory and investment environment for the development of priority net-zero technologies, with the ultimate aim of having the EU’s net-zero technologies manufacturing capacity reach at least 40% of the EU’s overall needs by 2030.

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