EU approves push for net-zero technology

The European Union’s (EU) Council of Ministers on Monday approved regulations to boost the production of net-zero emissions technology in the bloc, as it tries to compete with the U.S. and China and decarbonize by 2050.

The European Commission (EC) proposed the Net-Zero Industry Act (NZIA) in March 2023 in a bid to ensure that at least 40% of the expected European demand for net-zero technologies, such as solar panels, wind turbines and batteries, would occur in the bloc by 2030.

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