The European Commission has proposed this Thursday a new law to make the European Union (EU) the “home of clean technologies”, wanting 40% of sustainable production to be carried out in European territory by 2030 to respond to subsidies ‘ greens’ from the United States.
At a time when the EU tries to end Russia’s energy dependency and achieve its environmental goals — such as carbon neutrality by 2050 and a reduction of at least 55% of polluting emissions by 2030, stipulated in the European Ecological Pact —, Brussels today presents a new community law with a view to developing ‘clean’ technologies on European soil , increasing manufacturing and ensuring the Union achieves the climate transition.
“The goal is to jointly address or achieve at least 40% of the annual deployment needs for strategic zero emission technologies manufactured in the EU by 2030. The EU is currently a net importer of several zero emission technologies and components, but has the potential and assets necessary to become an industrial leader in this market”, highlights the community executive in a disseminated information.
What is at stake is European support for solar photovoltaic and solar thermal technologies, renewable energy projects onshore and offshore wind, batteries and storage, heat pumps and geothermal power, electrolyzers and fuel cells, biogas/biomethane, carbon capture and storage, and grid technologies.
In the press release, the European Commission stresses that the new law “will strengthen the resilience and competitiveness of zero-technology manufacturing in the EU and will make the energy system more secure and sustainable”, thus creating “better conditions” for Europe will attract this type of investment and become the “house of clean technologies”.
Specifically, “favorable conditions” will be created for investment Reduce administrative burden and streamline licensing processescarbon dioxide capture and storage will be promoted, especially in sectors where it is difficult to reduce energy-intensive energy, access to markets will be facilitated by reviewing the rules of public contracts or auctions, there will be a strengthening of technical capacities for skilled jobs, innovation will be created under flexible regulatory conditions and a platform for sharing data and experiences.
The proposal comes after, in recent months, transatlantic relations have been marked by European discontent with the United States plan to subsidize the local production of ‘clean’ technologies with 370,000 million dollars (about 350,000 million euros). , which is considered discriminatory and which threatens to expel European companies from the continent.
The US Inflation Reduction Act, which took effect last August, aims to reduce costs for Americans, including, for example, investments in the energy sector and subsidies for electric vehicles, batteries and energy renewables, but many of these subsidies only include products made in the United States.
Meanwhile, the EU has decided to work on its own plan to encourage European clean technologies, which was released to the press on Thursday, complementing the entry into force, last Friday, of a new temporary framework for state aid, which allows Member States to support, until the end of 2025, investments in renewable energy, energy storage and decarbonisation of industry.
The global market for ‘clean’ technology is estimated to be worth around €600 billion by 2030, triple its current value.
Source: Observadora
