On the 21st of November, the European Parliament plenary made significant strides in shaping the future of sustainable technology production in Europe by adopting its position on the Net-Zero Industry Act (NZIA). Here is a recap of the major proposals and updates that the Members of the European Parliament (MEPs) have made:
🔵 Broadened scope: MEPs voted to extend the reach of the NZIA by including the entire supply chain as eligible recipients of NZIA incentives. This broadened scope acknowledges the interdependence of all components in the journey towards net-zero technologies.
🔵 Expanded list of Net Zero technologies: MEPs voted for an inclusive approach by enlarging the list of net-zero technologies. This expansion now encompasses all forms of CO₂ utilisation, carbon removals as well as sustainable alternative fuels.
🔵 Flexible strategic project selection: MEPs voted for deleting the closed list of strategic net-zero technologies. Instead, Member States would have the autonomy to select projects they consider strategic at the national level. This approach promotes adaptability and ensures that the most relevant projects are prioritised.
With the Parliament now having its position adopted and with the Council of the EU being close to do so as well, final EU negotiations (‘trilogues’) will start in the coming weeks in view of the final adoption of the NZIA.
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