Europe launches its ‘Net Zero’ Industry Act to compete with China and the US

The agreement guarantees fast permitting processes for net-zero projects: 18 months maximum for large-scale projects and 12 months for smaller projects

The Council and the European Parliament yesterday reached a provisional agreement on the Net Zero Industry Act (NZIA), a regulation aimed at strengthening Europe’s industrial manufacturing ecosystem for zero-carbon technologies, with the aim of meeting the European Union’s (EU) ambitious climate targets and competing directly with economic powers such as China and the United States in the race to achieve the highest level of competitiveness. climate neutrality. One of the most prominent features of the NZIA is the creation of a unique list of zero-carbon technologies, along with rigorous criteria for selecting strategic projects that contribute significantly to decarbonization. This measure ensures that efforts and resources are focused on the most promising and effective technologies to achieve the European Union’s ambitious climate targets.

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