Europe responds to US green bill with its own legal push to net-zero
20 Mar, 2023
The EC has responded to last year’s US bill to drive investment into green technology with its own Net-Zero Industry Act.
It claims the NIZA will overhaul industry in the EU with a view to achieving the commission’s 2030 carbon targets.
According to the EC, the global market for net-zero technologies will triple by 2030, reaching €600bn ($637bn) and NIZA will drive European development of clean technologies, such as solar, wind, carbon capture and storage (CCS)