European Council passes vote in favour of Net-Zero Industry Act, to come into force in June

The European Council has adopted the EU’s Net-Zero Industry Act to bolster clean energy manufacturing industries in Europe. The act aims to encourage investment in clean energy manufacturing by setting a target for European manufacturers to meet at least 40% of the EU’s annual renewable energy deployment needs by 2030. It also includes the establishment of 'Net-Zero Industry Academies' and 'regulatory sandboxes' to support the sector. The act was proposed by European Commission president Ursula von der Leyen and aims to address the imbalance in the European renewables manufacturing sector, particularly affecting the solar industry.

Source:

https://www.pv-tech.org/european-council-vote-net-zero-industry-act-force-june/

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