"Wind turbines, solar systems, heat pumps: The EU Commission wants more domestic production. For the EU Parliament, this doesn't go far enough.
It is intended to be the EU's response to the billions in aid from China and the USA for "green technologies": The "Net Zero Industry Act" is intended to shorten approval times for projects, exclude China from public tenders for such technologies and create the conditions for state aid.
The European Commission wants to ensure that at least 40 percent of the wind and solar systems, batteries and heat pumps or electrolysers and biogas plants installed annually come from domestic production in 2030.
Recently, the leading industrial committee in the European Parliament voted on the law and further tightened the industrial policy goals. MEPs are demanding that the EU not only concentrate on domestic supply, but also achieve a 25 percent share of the global market for the technologies covered.
Unlike the Commission, they include the entire supply chain, from raw materials to intermediate products. In addition, the Industry Committee has lowered the threshold beyond which dependence on a country is considered too great.
If more than half of the demand comes from one country, instead of the 65 percent proposed by the Commission, companies from these countries should be excluded from public tenders.
Regardless of this, they want to link the award more closely to criteria other than price, such as how sustainably products were manufactured.
More “green” technologies
The MPs have significantly expanded the list of technologies that fall under the “Net Zero Industry Act”. This applies in particular to nuclear power, but also sustainable aviation fuels (SAF), infrastructure for hydrogen and technologies for energy-intensive industries or recycling. The list should also be revised regularly by the Commission.
This met with criticism from the Greens. In the end they voted against the compromise put forward by the Christian Democrats, Social Democrats and Liberals. "The committee has removed the concept of strategic technology and expanded the list of net zero technologies so that, in effect, the door to strategic projects is opened to almost any technology," said Green MEP Henrike Hahn. Successful green, competitive industrial policy requires a clear focus on strategically important technologies and not watering can funding. The rapporteur in the European Parliament responsible for the dossier, Christian Ehler (CDU), described the law as a "highly political blueprint for the necessary industrial policy agenda for the next legislative period." In order for the industry to get back on its feet, the EU needs more European measures.
Financing also through income from emissions trading
In order to achieve the goals, the MEPs are relying on even shorter approval procedures than planned by the EU Commission. The authorities should give the green light for “regular projects” after nine to twelve months. Six to nine months are planned for “strategically important projects”. What is new is the idea of creating “Net Zero Industry Valleys” in which the member states should carry out the environmental assessment themselves in order to further speed up the approval process.
The MPs also want to use the income from auctioning certificates from emissions trading to finance this. The states should reserve at least 25 percent for this. In addition to subsidies from the member states, the expansion is also intended to be supported by the “platform for strategic technologies” called STEP and, in the medium term, by a sovereignty fund.
The plenary session is scheduled to vote on the law at the end of November. Given the large majority in the committee, this should be a formality. Before the law can come into force, Parliament must negotiate a common position with the Council of Ministers. Its vote is still pending. There, too, there is discussion about expanding the list of technologies and including nuclear power." [1]
The animals had many beautiful wishes, but none of them wanted to work. The European Parliament wants to capture a quarter of the world's energy market. Amazing.
1. So will die EU die USA und China mit grünen Technologien auskontern. Frankfurter Allgemeine Zeitung (online) Frankfurter Allgemeine Zeitung GmbH. Oct 25, 2023. Von Hendrik Kafsack
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