EU Takes First Step to Ensure Green Technologies Are Made in Europe
is a positive first step to ensure that the technologies needed to transition the EU’s economy to net zero emissions are made in Europe.
The Net Zero Industrial Act proposes a production goal of 40% of the EU’s requirements for key green technologies – such as batteries – being made domestically in 2030. T&E said the goal would boost Europe’s strategic autonomy but more actions are needed. The proposed simplification of permitting processes will help set up new projects in Europe, but the EU should provide financial aid to scale up production quickly.
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