In the last week of May, the European Council adopted the European legislation for zero net emissions in industry. This marked the final step towards the adoption of a new law introducing a framework of measures aimed at increasing Europe's production capacity for technologies, crucial to achieving EU's climate goals.

Chief Assist. Prof. Dr. Mariya Trifonova, Deputy Director of Net-Zero Lab, commented in an interview for the "Made in Green" show (Bloomberg TV) on the motivations behind adopting the legislative framework and its expected goals.

The European Legislation for Zero Net Emissions Industry is designed to protect European companies from the competition of the USA and China during the transition from fossil fuels to clean energy. It has three main dimensions:

• Investments
• Skills
• Innovations

Among the key measures of the NZIA are indicators according to which the EU must produce at least 40% of its annual needs for the deployment of technologies necessary to achieve the EU's climate and energy goals, such as solar panels, wind turbines, batteries, and heat pumps, by 2030 and capture 15% of the global market value of these technologies by 2040.

It also requires oil producers to begin deploying carbon capture and storage (CCS) infrastructure by developing facilities for the permanent storage of a total of 50 million tons of carbon dioxide annually captured from industrial processes, typically in depleted oil and gas fields.

Other measures include:

• Simplifying permitting procedures and supporting strategic projects.
• Facilitating market access for strategic technology products.
• Improving the skills of the European workforce by launching academies for the zero net emissions industry and creating a platform to coordinate EU actions in this area.
• Promoting innovation by creating favorable regulatory frameworks for the development, testing, and validation of innovative technologies (known as regulatory sandboxes).

You can see the full interview here: https://www.bloombergtv.bg/a/81-made-in-green/131109-balgariya-tryabva-da-e-aktivna-v-zeleniya-prehod-a-ne-samo-da-adaptira-novi-tehnologii