Today the @EU_Commission will present:

The Net-Zero Industry Act (#NZIA) to strengthen the deployment of net-zero technologies in the EU.

And the Critical Raw Materials Act (#CRMA) to establish a secure and sustainable supply of critical raw materials.

🧵(1/8)

🐦🔗: https://n.respublicae.eu/MChahim/status/1636286166138859521

Instead of perceiving this as a response to the #IRA, I rather see the plans as a framework for industry to steer them in the energy transition.

The market will only go for an economic optimal, something that will not necessarily lead to a social optimal (just transition)

(2/8)

🐦🔗: https://n.respublicae.eu/MChahim/status/1636286168181493761

The #NZIA contains targets for the European production capacity of net zero technologies.

(Unlike the in the #IRA this production is not only for the EU market.)

Good for deployment and for our open strategic autonomy.

(3/8)

🐦🔗: https://n.respublicae.eu/MChahim/status/1636286169922011136

However, there is missing a link between these net-zero technologies and our existing industry.

How will these help our industry decarbonize?

We need clear sectoral pathways, with predictability on access to green technologies. 🏭

(4/8)

🐦🔗: https://n.respublicae.eu/MChahim/status/1636286171595538432

On the #investment part, it is important to take stock of our existing funds and make sure they are contributing to our objectives.

We need to avoid fragmentation of our single market because of (unbalanced) state aid.

Competitiveness is not build on subsidies.

(5/8)

🐦🔗: https://n.respublicae.eu/MChahim/status/1636286173231435777

On #CRMA we need to keep options on the table, I cannot rule out mining in Europe, but strict social and green conditions must be applied.

We need to develop a EU standard and apply this to all CRMs.

The energy transition is in the first place a material transition.
(6/8)

🐦🔗: https://n.respublicae.eu/MChahim/status/1636286174896480256