A few days ago, Europe took a big step towards climate neutrality and decarbonisation by proposing the new Net Zero Industry Regulation. This lays the foundations for boosting green industry on the continent. A proposal that is part of the European Green Deal.
In addition, this proposal aims to increase the competitiveness of European industry, create related quality jobs and achieve energy independence for member countries.
From a quantitative point of view, its main objective is for manufacturing capacity with clean technologies to reach at least 40% of the total by 2030.
These technologies include wind, solar, geothermal, biomethane, battery and fuel cell development, and carbon capture and storage.
With regard to the latter, the aim is to accelerate the deployment of these installations, as the Commission itself recognises that their scarce presence is a brake on decarbonisation.
In fact, the goal is to achieve an annual injection capacity of 50 Mt in key CO2 storage locations by 2030. In addition, projects defined as strategic and with an annual production of more than 1 gigawatt will have their permitting periods reduced to one year. For the rest, the waiting period will be 9 months.
The European Commission has published a proposal for a regulation that recognises the importance of Carbon Cause projects in reducing industrial CO2 emissions, such as the one we will develop in Murcia, which will have a very positive impact on the region, both environmentally and in terms of job creation and economic growth.