- EU unveils new rules to boost clean energy equipment production.
- The EU aims to produce 40% of the products needed to cut greenhouse gas emissions by 2030.
European Union (EU) policymakers plan to unveil new rules on Tuesday. These rules aim to boost domestic production of clean energy equipment.
They want to ensure European industries can compete with Chinese and US rivals. The EU aims to produce 40% of the products needed to cut greenhouse gas emissions by 2030.
These include renewable energy, battery storage, heat pumps, and more. China is expected to dominate with 80% of global solar power manufacturing capacity.
Europe worries about US green subsidies luring away its producers. Lawmakers will negotiate the final details of the Net-Zero Industry Act on Tuesday. The act aims to expedite permit approvals within 18 months. It also mandates considering environmental criteria in public tenders.
There is a 65% cap on supply from a single source. Discussions will focus on defining clean tech, including nuclear power, and the strictness of non-price criteria in tenders.