2023-12-08 01:14:57
The Twenty-Seven agreed this Thursday on their position on the Law for a Zero Emissions Industry, which adds nuclear fission and sustainable alternative fuels to the list of strategic technologies that may benefit from the acceleration of permits and the relaxation of bureaucratic procedures to enhance domestic manufacturing of new low carbon industries.
“The Regulation on the Net Zero Emissions Industry “will reinforce our strategic autonomy and reindustrialization with green technology”highlighted in Brussels the Minister of Industry and Tourism, Jordi Hereuwhich has concluded an agreement that will also favor small and medium-sized companies, since they will be able to “participate and benefit from European policies.”
Eight to ten technologies fall within the scope of the new law
Thus, the list expands the technologies within the scope of application of the new law from eight to ten, so that the photovoltaic solar, thermoelectric y thermal; onshore wind y marine renewables; batteries y storage; heat pumps y geothermal energy; hydrogen; biogas and biomethane; carbon capture and storage; electrical networks; nuclear fission energy and sustainable alternative fuels.
This is the main change that the EU Industry Ministers have introduced to the proposal that the European Commission presented in March within the framework of its plan to counteract the impact on the European economy of the Inflation Reduction Law American IRA which involved 369 billion dollars, and the investments announced by China, which exceed 280 billion dollars.
The Council’s position also clarifies that the list of technologies considered strategic should not affect either the right of Member States to determine their energy mix or the allocation of EU funds during the current multiannual budget.
The EP also expands the list of technologies clean not strategic
The mandate, which will allow negotiations to begin with the European Parliament, also expands the list of technologies clean not strategic biotechnological solutions for climate and energy, other nuclear technologies and transformative industrial technologies for energy-intensive industries and includes an annex with a non-exhaustive list of products and components primarily used for manufacturing in these industries.
Likewise, it provides for a periodic evaluation of the regulation in relation to the established objectives, which opens the door to including other relevant technologies in the future.
The Twenty-seven also propose a specific objective for the carbon capture and storage (CO2)with an annual injection capacity of at least 50 million tons of CO2 that will be reached between now and 2030.
The legislation establishes the objective of approaching or achieving, by 2030, at least 40% of the annual deployment needs of strategic zero-balance technologies manufactured in the EU.
To achieve this, the law introduces deadlines for granting permits for net zero manufacturing projects based on size and status, with timelines reduced from 12 to 9 months for net zero technology manufacturing projects with an annual manufacturing capacity of less than one gigawatt (GW) and 18 to 12 months for projects of more than 1 GW.
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