Net-zero industry act

European Parliament - EPRS Policy podcasts

European Parliament Webmaster

Government & Organizations, Non-profit

4.8 • 13 Ratings

🗓️ 7 July 2023

⏱️ 7 minutes

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Summary

In March 2023, the European Commission put forward a proposal for a 'net-zero industry act' that aims to expand the manufacturing capacity of net-zero technologies in the EU and enhance the resilience of its energy system. The proposed regulation would set up enabling conditions for the manufacturing of 10 net-zero technologies. The proposed regulation would aim to ensure that, by 2030, the manufacturing capacity in the EU for these strategic net-zero technologies reaches an overall benchmark of at least 40 % of the EU's annual deployment needs.

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Transcript

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0:00.0	Welcome to the European Parliamentary Research Service Podcasts.
0:05.4	The European Commission wants to scale up manufacturing of clean technologies in the EU
0:10.0	to make sure we are well equipped for the green transition and cut dependencies from third countries.
0:16.1	Want to know how the proposed Net Zero Industry Act may help achieve this?
0:20.4	Stay with us. The EU aims at becoming
0:25.2	climate neutral by 2050, but the road to net zero means we'll be needing a whole range of new
0:31.2	clean technologies across our economy. Talk heat pumps, solar panels, wind turbines, electrolyzers and fuel cells, CO2 storage,
0:41.8	grid technologies or batteries.
0:43.9	Demand for these key technologies will peak.
0:47.0	So where are we going to get them from?
0:48.9	Well, that's the whole point.
0:50.9	According to the International Energy Agency, the annual market for key mass manufactured clean energy technologies could reach over 600 billion euros by 2030.
1:01.0	More than triple today's levels and related jobs could rise to 14 million compared to 6 million today.
1:08.0	The scale of the opportunity is clear for all to see.
1:12.2	The problem is that today, around 90% of mass manufacturing capacity for several key clean energy technologies,
1:19.2	is located in China and the Asia-Pacific region.
1:23.3	So to get ahead of the competition and cut dependencies for key products,
1:28.6	the European Commission has adopted several plans and pieces of legislation to strengthen the EU's industrial base
1:34.8	and its competitive edge. One of the latest is the Net Zero Industry Act proposed in March
1:40.9	2023. Let's hear Commission President Ursula von der Leyen.
1:45.9	The new Net Zero Industry Act will identify clear goals for European Clean Tech by 2030.
1:53.0	The aim will be to focus investment on strategic projects along the entire supply chain.
	...

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