On Thursday, the European Commission unveiled the Net-Zero Industry Act, a much-anticipated proposal aiming at boosting the EUs green tech production amidst an increasingly intense global race. The new regulation is a key part of the European Green Industrial Plan the blocs response to the US $369 billion package of green subsidies seeking to ensure that at least 40% of the unions net-zero technology demand is produced domestically by 2030. We need a regulatory environment that allows us to scale up the clean energy transition quickly, President of the Commission, Ursula von der Leyen, said in a statement.…
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