NET-ZERO INDUSTRY ACT: EUROPEAN INDUSTRY’S NEW WAY TO GREEN AND SUSTAINABLE TRANSFORMATION
On March 16, 2023, the European Union unveiled the Net-Zero Industry Act (NZIA), an ambitious plan to reduce European industry's greenhouse gas emissions to zero by 2050. It is part of the €250 billion Green Deal Industrial Plan, which aims to provide clear direction for European industry to transition to a low-carbon economy and foster technological innovation to address the global climate crisis.