The Act also simplifies the regulatory framework for the manufacturing of these technologies. This will help increase the competitiveness of the net-zero technology industry in Europe and also accelerate the capacity to store CO2 emissions.
The Act addresses technologies that will make a significant contribution to decarbonisation. It supports, in particular, strategic net-zero technologies that are commercially available and have a good potential for rapid-scale up. Such technologies strengthen the EU’s industrial competitiveness and energy system’s resilience while allowing the clean energy transition.
On 6 February 2024, the European Parliament and the Council reached a political agreement on the Net-Zero Industry Act. Once formally adopted, the Act will enter into force.
