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OverviewAPI
EU lawmakers have approved the Net Zero Industrial Act to boost domestic production of green technologies, aiming to meet 40% of the bloc's demand by 2030. The act focuses on strategic technologies like solar, wind, batteries, carbon capture, and renewable hydrogen. It aims to drive investment and create favorable market conditions in Europe, potentially mobilizing €1.5tn in investment for meeting the bloc's CO2 reduction target of 90% by 2040.

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