On Thursday, the European Commission unveiled the Net-Zero Industry Act, a much-anticipated proposal aiming at boosting the EU’s green tech production amidst an increasingly intense global race. The new regulation is a key part of the European Green Industrial Plan — the bloc’s response to the US’ $369 billion package of green subsidies — seeking to ensure that at least 40% of the union’s net-zero technology demand is produced domestically by 2030. “We need a regulatory environment that allows us to scale up the clean energy transition quickly,” President of the Commission, Ursula von der Leyen, said in a statement.…
This story continues at The Next Web
https://thenextweb.com/news/eus-new-clean-tech-strategy-aims-keep-production-in-bloc
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Mar 17, 2023, 3:21:14 PM
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