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					</table><p>The European Union (EU) has reached a provisional agreement on legislation aimed at boosting the bloc&#8217;s production of green technologies needed to achieve its goal of cutting carbon emissions by at least 55% by 2030 compared to 1990 levels.</p>
<p>The legislation called the &#8220;Net-Zero Industry Act&#8221; (NZIA) is intended to support domestic manufacturing of key technologies like solar panels, wind turbines, batteries, and carbon capture. The goal is to use domestically produced green technology to cover 40% of the EU&#8217;s needs by 2030.</p>
<p>Under the deal struck between the European Council and Parliament, projects identified as having a high potential to cut emissions will benefit from faster permitting for construction and expansion. For large projects over 1 GW, permitting time will be limited to 18 months, while smaller projects will get decisions within 12 months. Even faster timelines are envisioned for strategic projects.</p>
<p>The law will also promote &#8220;industrial valleys&#8221; that concentrate multiple companies in one technology sector in the same region.</p>
<p>Members of the European Parliament had <a href="https://www.mercomindia.com/european-lights-net-zero-industry-act" target="_blank" rel="noopener">proposed</a> amendments to the act last year to expedite authorization procedures and establish net-zero industry clusters.</p>
<p>On public procurement, the act will introduce mandatory sustainability criteria, allowing factors beyond price to be considered for the tenders. The factors may include the product&#8217;s climate impact, ease of repair, recycling, and microplastic release, among others.</p>
<p>Additionally, in order to reduce reliance on a single source, the act will consider the procurement &#8220;not diverse enough&#8221; if one source supplies over 50% of the demand for a specific net-zero technology and its components.</p>
<p>These criteria will have to apply to at least 30% of the volume auctioned every year per member state.</p>
<p>However, if the sustainability or diversification criteria result in a disproportionate cost difference or if no suitable tenders have been submitted, contracting authorities may decide to forego the requirements.</p>
<p>The proposal, which still needs formal approval by the Parliament and the Council, also aims to improve the skills of European workers in the clean-tech industry by starting net-zero industry academies, and it plans to establish a platform to coordinate EU&#8217;s efforts in this field.</p>
<p>However, the NZIA&#8217;s efforts to spur home-grown production may be thwarted by foreign competition. Last year, the European solar manufacturing industry, represented by SolarPower Europe, <a href="https://www.mercomindia.com/europes-solar-industry-warns-bankruptcies" target="_blank" rel="noopener">wrote</a> to the European Commission highlighting how Chinese photovoltaic manufacturers were intentionally undercutting prices and pushing many European PV manufacturers towards insolvency.</p>


EU Targets 40% Domestically Made Green Technology Use by 2030

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