Germany welcomes EU plans to lead global shift to climate-neutral industry
(Clean Energy Wire, 16 Mar 2023) German government officials have welcomed proposals by the European Commission to boost net-zero industries and the competitiveness of European companies in an effort to keep up with other regions of the world, such as the U.S. and China.
Parliamentary state secretary Franziska Brantner said a proposed legislation to ensure that the EU has access to critical raw materials it needs for climate neutral transformation is “very important and urgently needed.” The Commission also presented the Net-Zero Industry Act, which stipulates that at least 40 percent of key technologies like solar PV and wind power have to be manufactured domestically by 2030. The package is a response to the industry support given under the U.S. Inflation Reduction Act (IRA), but also to subsidies and regulation in other countries, such as China.
The German government has welcomed EU proposals to strengthen domestic industries necessary to make the bloc’s economy climate neutral by 2050, such as renewables, energy storage and carbon capture and storage(CCS). The European Commission laid out plans to secure sufficient amounts of critical raw materials needed for the transition, and stipulated a clean tech manufacturing target, saying 40 percent of key technologies like solar power and electrolysers must be home-made by 2030.