MEPs agree to give European clean tech manufacturing a boost euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
The single market report presented by former Italian PM Enrico Letta presents a wealth of compelling arguments for a climate-neutral, circular, and nature-positive economy. Yet, the conclusions reached regarding competitiveness highlight the absence of clear direction among EU leaders.
EU negotiators from the Parliament and the Council reached a provisional agreement on the Net-Zero Industry Act on Tuesday, to support domestic production of the technologies such as solar panels, fuel cells and electrolysers needed to achieve Europe’s climate goals.
This afternoon, the European Parliament and Council came to a provisional deal on the Net Zero Industry Act (NZIA). This should have given an urgent boost to existing clean technologies. However by broadening the initial list of net-zero technologies to technologies which are not yet commercially available and/or could take decades to become so, the European institutions have effectively dropped the main objective of the regulation, which was to achieve the EU s 2030 climate targets. WWF regrets this decision and fears the EU is shooting itself in the foot.