INDUSTRY NEWS

European Council passes vote in favour of Net-Zero Industry Act, to come into force in June

2024-05-30

“The act creates the best conditions for those sectors that are crucial for us to reach net-zero by 2050,” said Ursula von der Leyen. Image: Guillaume Périgois via Unsplash

The European Council (EC) has adopted the EU’s Net-Zero Industry Act (NZIA) after just over a year of discussion, as the EU looks to bolster its clean energy manufacturing industries.

This week’s vote by the EC is the final step in the legislative process for the NZIA, which looks to encourage investment in clean energy manufacturing by setting a target for European manufacturers to meet at least 40% of the EU’s annual renewable energy deployment needs by 2030. The act will enter into force one day after its publication in an EC journal, which is expected towards the end of June.

(The above content is reproduced from pv-tech,By JP Casey)

 

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