The European Commission is expected to present on March 14 the Net Zero Industry Act, the plan that aims to increase European production of green technologies considered strategic, from photovoltaics to wind power via batteries and heat pumps.
Early indications about the Commission's willingness to shift production of key technologies to Europe to support the energy transition were present in the Green Deal Industrial Plan, the package for the competitiveness of European zero-emissions industry. Indeed, the Green Industrial Plan can be seen as the umbrella under which a series of measures will be developed to support the green transition of European industry. Measures ranging from the European Critical Materials Act to electricity market reform and a (much-discussed) review of state aid rules to support green investments.
Also under this umbrella is the so-called Net-zero plan, or rather the Net Zero Industry Act. A plan that has a clear goal: to increase European production capacity for green tech. A plan with which Brussels tries, on the one hand, to respond to the U.S. IRA, the green law wanted by Joe Biden that pits the U.S.
