EU pushes further for domestic production of green tech

Amid a global race for green tech sovereignty, the European Parliament on Tuesday passed the Net-Zero Industry Act (NZIA) — a bill intended to boost the EU’s manufacturing output in the technologies needed for decarbonisation. Initially proposed by the Commission in March, the NZIA sets a couple ambitious goals. Firstly, it seeks to ensure that at least 40% of the block’s net-zero technology demand is produced domestically by 2030. Secondly, it aims to capture 25% of the global market share for these technologies. To achieve this, the act proposes several key actions to drive investment in domestic production of strategic…

This story continues at The Next Web

from LatestTechyTalks