INTIEAEuropean Union · The Net-Zero Industry ActPolicyIn force

The Net-Zero Industry Act

On 27 May 2024, EU commission approved on the Net-Zero Industry Act (NZIA), aims at strengthening the European manufacturing capacity of net-zero technologies and overcoming barriers to scale up European manufacturing capacity. In particular, the EU aims to domestically…

Last changed 2 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

EffectiveJan 01, 2024
Last changeApr 18, 2024

Country / jurisdiction: European Union · Year: 2024 · Status: In force · Level: National · Type: Voluntary

On 27 May 2024, EU commission approved on the Net-Zero Industry Act (NZIA), aims at strengthening the European manufacturing capacity of net-zero technologies and overcoming barriers to scale up European manufacturing capacity. In particular, the EU aims to domestically manufacture at least 40% of clean energy deployment needs by 2030.

The agreement centres on:

Enabling the regulatory environment for clean technology by simplifying the permitting processes

Facilitating market access for net-zero products and support the development of net-zero skills and innovation, notably the set up of NZ Industry Academies

Establishing a NZ Europe Platform to encourage cooperation and partnerships among Member States as well as European companies

Setting up of regulatory sandboxes to encourage innovative solutions

However, it places little emphasis on the trade and collaboration aspects outside of the EU region.

The identified key technology areas covered under the Act include:

Solar photovoltaic and solar thermal technologies;

Onshore and offshore renewable technologies

Battery/storage technologies;

Heat pumps and geothermal energy technologies;

Electrolysers and fuel cells;

Sustainable Biogas/Biomethane technologies;

Carbon Capture and Storage (CCS) technologies;

Grid technologies

Official source: https://www.consilium.europa.eu/fr/press/press-releases/2024/05/27/industrial-policy-council-gives-final-approval-to-the-net-zero-industry-act/

Source

https://www.iea.org/policies/19846

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-44713NewsIn force

The AI Arms Race Isn’t About Technology – It’s About Electricity

Two and a half years ago, NVIDIA was a $300 billion gaming chip company. Today it's the most valuable company in history at over $4 trillion. Investors who saw what was coming and got positioned early made generational money. A $10,000 stake in NVIDIA at the start of 2023 is worth more than $130,000 today. The trade looks obvious in hindsight, but very few investors caught it in real time. Demand for AI compute had exploded, the supply of high-end chips couldn't catch up, and NVIDIA happened to be the only company on earth capable of making what…

INTEnergy Newsoilprice:oilprice-article-44715NewsIn force

Britain’s Energy Crisis Is Driving Manufacturing Offshore

The UK risks a major wave of deindustrialization and widespread factory closures unless the government expands emergency relief measures for manufacturers battling soaring energy costs, a prominent manufacturing trade body has warned, as reported by the Guardian. According to a June 2026 survey by Make UK and the Trades Union Congress (TUC), Britain faces an imminent risk of industrial collapse unless the government provides immediate financial relief to protect manufacturers from surging energy and power bills driven by systemic carbon levies…

INTEnergy Newsoilprice:oilprice-article-44714NewsIn force

Hormuz Crisis Sparks a Middle East Pipeline Boom

The blockading of the Strait of Hormuz was something that was never going to happen—until it did, paralyzing a fifth of global LNG and crude oil flows and causing quite a bit of economic pain to both producers and consumers of energy commodities. Now, they are taking care to never let a disruption of that scale happen again. The most immediate response to Iran’s closure of the strait was switching to alternative pipeline routes for those that had them. Saudi Arabia demonstrated foresight with its East-West pipeline that it used to reroute…

INTEnergy Newsoilprice:oilprice-article-44702NewsIn force

Whatever Happened to the Small Modular Reactor Revolution?

In the early 2020s, there was great enthusiasm around the development of the small modular reactor (SMR), which was expected to support a nuclear renaissance. However, after supply chain disruptions, technical difficulties, and other challenges, it is unclear whether SMR development is progressing as expected. Nevertheless, some companies continue to invest heavily in the technology, hoping it will help drive innovation and expansion in the nuclear power sector. SMRs are advanced nuclear reactors with a power capacity of up to 300 MW(e) per unit,…

INTEnergy Newsoilprice:oilprice-article-44710NewsIn force

Equinor Expands Giant Troll Field as Europe Hunts for More Gas

Equinor and its partners are investing more than NOK 4 billion ($390 million) to expand the Troll field, a giant North Sea asset that supplies around 10% of Europe's natural gas and contains 40% of Norway's remaining gas reserves. The project is expected to unlock around 11 billion cubic meters of natural gas, equivalent to roughly 69 million barrels of oil equivalent (boe), further strengthening one of Europe's most important sources of energy. Known as TWIN (Troll West Increased Gas Recovery North), the development will consist of two new wells…