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 bloc’s net-zero technology demand is produced domestically by 2030. Secondly, it aims to capture 25% of the global market share for…