EU expands climate tech support in response to IRA

Credit: Getty

EU lawmakers have voted to expand the bloc’s proposed Net-Zero Industry Act (NZIA) to include technologies such as nuclear power.

The Act, which was originally proposed in March this year, is looking to keep pace with the US, where its flagship climate bill, the Inflation Reduction Act (IRA), has fuelled a boom in the energy transition sectors.

EU lawmakers have now added technologies such as small modular reactors and other nuclear systems.

NZIA will look to “create the necessary conditions to facilitate investments”, including by supporting regulatory sandboxes.

German MEP Christian Ehler said the move was a “very clear response to the Americans and their IRA”.

The move will need to be finalised by the Council of Ministers in December.