Earlier this spring, the European Commission released the Net Zero Industry Act (NZIA), a new EU legislation to support the deployment of clean technologies in Europe. The initiative focuses on technologies that are commercially available and have a good potential for rapid scale-up to support Europe’s 2030 climate targets.
The proposal identifies “net zero technologies” needed to help defossilise the European economy, including solar power, wind power, batteries, heat pumps, electrolysers, biogas & biomethane, CCU, CCS, some nuclear-related activities, sustainable fuels including RFNBOs, etc.
However, the proposal creates another category, “strategic net zero projects”, which does not include CCU or renewable fuels. This category will benefit from additional incentives and fast-track mechanisms for deployment.
By answering the EU consultation on the NZIA proposal, which closed in June 2023, CO2 Value Europe calls for EU institutions to:
🟢 Give clear and systematic signals that all clean technologies will play a role in moving away from the fossil economy and reaching Net Zero objectives in Europe.
🟢 Consider CCU projects as strategic so that they can realise their full potential for emission reductions and carbon circularity as well as maintain and enhance the skilled technical workforce in Europe. CCU technologies can contribute to the EU’s independence from fossil resources, reduce emissions, increase circularity in manufacturing systems, and maintain the EU’s leading role in cleantech.
Read our full answer to the EU consultation here.