|Author (Corporate)||European Commission: DG Internal Market Industry Entrepreneurship and SMEs|
|Series Details||COM (2023) 161|
|Content Type||Blog & Commentary, News, Policy-making|
Legislative initiative tabled by the European Commission on 16 March 2023, seeking to scale up manufacturing of clean technologies in the European Union (EU) and make sure the EU is well-equipped for the clean-energy transition. This is also known as the draft Net Zero Industry Act. This is a text with EEA relevance.
The transition to a climate neutral, clean economy and the corresponding overhaul of the energy system present opportunities in terms of developing the net-zero technology sectors and creating quality jobs and growth. Partners and competitors of the European Union have grasped this opportunity and have started deploying measures to secure significant parts of this new market. These developments have also been driven by security of supply considerations.
In this context, the European Commission's Green Deal Industrial Plan presented a strategy for enhancing the competitiveness of the EU's net-zero industry and supporting the fast transition to climate neutrality. The plan is articulated around four main pillars: a predictable and simplified regulatory environment, faster access to funding, enhancing skills and open trade for resilient supply chains.
This draft law delivers on part of the actions set out in the strategy. It seeks to simplify the regulatory framework, and improve the investment environment for the EU's manufacturing capacity of technologies that are key to meet the EU's climate neutrality goals and ensure that the energy system is resilient whilst contributing to reducing pollution. It was adopted by the European Commission on 16 March 2023.
|Subject Categories||Business and Industry, Energy, Environment, Internal Markets|
|Subject Tags||Climate Change, Industrial Policy, Manufacturing, Renewable Energy, Sustainable Development|
|International Organisations||European Union [EU]|