President of the European Commission, Ursula von der Leyen, said: “With the Net-Zero Industry Act, the EU has now a regulatory environment that allows us to scale up clean technologies manufacturing quickly. The Act creates the best conditions for those sectors that are crucial for us to reach net-zero by 2050. Demand is growing in Europe and globally, and we are now equipped to meet more of this demand with European supply.”
By creating a unified and predictable business environment for the clean tech manufacturing sector, NZIA will increase the competitiveness and resilience of the EU’s industrial base and support quality jobs creation and a skilled workforce. By boosting the EU domestic production of net-zero technologies, NZIA will reduce the risk that we replace fossil fuel dependencies by technology dependencies on external actors. This will in turn help to make our energy system cleaner and more secure, with affordable and home-produced clean energy sources replacing volatile fossil fuel imports.
Source: European Commission
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