"Our site endorses the acknowledgment of critical elements within the Net-Zero Industry Act and the Europe Platform's Strategic Technologies legislation"
The European Commission has taken a significant step forward in its mission to combat climate change with the upcoming entry into force of the Net-Zero Industry Act (NZIA) and the Strategic Technologies for Europe Platform (STEP) regulation in July this year.
Initially, the Commission's proposal for the NZIA recognised only battery and fuel cells as net-zero technologies. However, the final text of the NZIA now includes a broader range of technologies, such as hydrogen storage systems, electric propulsion, and other hydrogen technologies.
The NZIA is expected to have a significant impact on the permitting process for strategic net-zero facilities, reducing the red tape involved. The delegated act, a part of the NZIA, will further define the list of net-zero technologies and components within the Act.
The European Commission has begun a supply chain analysis for the delegated act of the NZIA to ensure it addresses all relevant technologies and components. The Commission is also mandated to table secondary legislation to further define the list of net-zero technologies and components within nine months of the NZIA and STEP entering into force.
The STEP regulation could mobilize public funding for technologies included in the NZIA, including those yet to be defined through secondary legislation. This could effectively accelerate the development and deployment of net-zero technologies in Europe.
Both the NZIA and STEP regulations are expected to have a significant impact on the development and deployment of net-zero technologies in Europe. The Commission, through the STEP, will have the responsibility to define the list of net-zero technologies and components further through secondary legislation.
The STEP could also mobilize public funding for NZIA technologies, making it easier for companies and researchers to invest in and develop these technologies. The analysis is focused on these technologies and components included in the NZIA.
In summary, the entry into force of the NZIA and STEP regulations in July this year marks a crucial milestone in the European Commission's efforts to combat climate change. The regulations are expected to streamline the permitting process for strategic net-zero facilities, mobilize public funding for net-zero technologies, and broaden the scope of recognised net-zero technologies, ultimately accelerating the development and deployment of these technologies in Europe.
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