European commission is developing a law on industry with zero emissions, which is designed to speed up permitting procedures for key projects in 5 areas of green technologies.
The goals will be solar and wind power, heat pumps, batteries and electrolysis production, which will help reduce emissions and prevent competition from the US and China, Bloomberg reports.
It is noted that the European Commission considers the possibility of establishing zero cleanliness by 2030. They must meet at least 40% of the region's annual needs in the deployment of relevant energy technologies.
The material said that the law will redirect part of the National EU carbon market income to achieve climate target and ensure the safety of green technologies supply.
The authors stressed that Europe was looking for answers to the "green" subsidies of the US as part of the IRA inflation law, including facilitating the burden for companies and barriers to investments.
Director General of the European Chemical Industry Association Cefi Marko Mensink explained that the EU's "green" technologies must be competitive on the global market. Currently, the cost of energy in Europe is too high for them to operate.
The article emphasized that the EU member states strive to maintain their positions in world trade in the realities of the energy crisis. According to the International Energy Agency, gas prices in Europe are 7 times higher than in the US, and electricity prices are three times higher than in China.
The authors emphasized that the document should be made public in March 2023. It may change by then.
It is noted that the proposed list of clean technologies has been criticized by the aviation industry, which also needs to reduce emissions. In particular, ecological aviation fuel is excluded from the list, which caused concern of the association "Aviation for Europe".
"We cannot have a situation where the United States is rolling out a "red carpet" for ecological aviation fuel producers, and Europe is rolling out only bureaucratic red tape," said acting managing director of the Association, Laurent Doncel.
Earlier, EcoPolitic wrote, that the European Commission has introduced an industrial plan for the Green Agreement, which is intended to increase the competitiveness of the European industry with zero emissions and to promote the rapid transition to climate neutrality.
Also, the European Commission plans to mitigate state aid rules to support green investments, in particular thanks to tax benefits.