The "Net Zero Industry Act" sets a target for Europe to produce 40 % of its annual needs for deployment in net zero technologies by 2030 based on National Energy and Climate Plans (NECPs) and to capture 15 % of global market value . for these technologies.

During the negotiations, MEPs secured an approach based on a common list of technologies to be supported including, among others, all renewable technologies, nuclear energy, industrial decarbonisation, grids, energy storage technologies and biotechnology. The law will simplify the permitting process and establish maximum terms for approving projects depending on their scope and output.

The agreement provides for the creation of "Net-Zero Acceleration Valleys" initiatives, which will speed up the permitting process by delegating parts of the environmental assessment evidence collection to member states. (More on europarl.europa.eu)