EU Passes Law to Boost Green Tech Production

EU governments have formally approved a new law designed to increase the production of solar panels, wind turbines, heat pumps and other clean technology equipment within the bloc.

The Net Zero Industry Act (NZIA) aims to ensure the EU produces 40% of its clean tech needs domestically and strengthens its industry against US and Chinese competition.

The Act is expected to reduce dependency on external technology and make the EU’s energy system cleaner and more secure.

The main measures of the NZIA include setting a benchmark for the EU to produce at least 40% of its annual clean tech needs by 2030.

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