Regulation 2024/1735 - Establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem - Main contents
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official title
Regulation (EU) 2024/1735 of the European Parliament and of the Council of 13 June 2024 on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724| Legal instrument | Regulation |
|---|---|
| Number legal act | Regulation 2024/1735 |
| Original proposal | COM(2023)161  |
| CELEX number i | 32024R1735 |
| Document | 13-06-2024; Date of signature |
|---|---|
| Signature | 13-06-2024 |
| Effect | 29-06-2024; Entry into force Date pub. +1 See Art 49.1 29-06-2024; Application See Art 49.2 30-12-2025; Application Partial application See Art 49.4 |
| End of validity | 30-06-2026; Partial end of validity See Art. 49.3 31-12-9999 |
Official Journal of the European Union |
EN L series |
2024/1735 |
28.6.2024 |
REGULATION (EU) 2024/1735 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 13 June 2024
on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724
(Text with EEA relevance)
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,
Having regard to the proposal from the European Commission,
After transmission of the draft legislative act to the national Parliaments,
Having regard to the opinion of the European Economic and Social Committee (1),
Having regard to the opinion of the Committee of the Regions (2),
Acting in accordance with the ordinary legislative procedure (3),
Whereas:
(1) |
The net-zero transformation is already causing huge industrial, economic, and geopolitical shifts across the globe, which will become ever more pronounced as the world advances in its decarbonisation efforts. The Union needs to respond to those developments while implementing the energy, climate and environmental transitions. A strong manufacturing base is a key element in securing access to net-zero technologies and maintaining quality jobs in the Union. That requires that the Union preserve its competitiveness, including through innovation, in particular with regard to clean technologies. |
(2) |
Given the complexity and the transnational character of net-zero technologies, uncoordinated national measures to ensure access to those technologies risk distorting competition and fragmenting the internal market. Such measures by Member States can result in imposing diverging regulation on market operators, in providing different levels of access to the supply of net-zero technologies across Member States, including by providing different levels of support for net-zero technology manufacturing projects, and in providing for diverging rules and uncoordinated forms of procurement, diverging processes and durations in relation to permit-granting processes thus creating obstacles to the cross-border trade between Member States and hindering the proper functioning of the internal market. To safeguard the functioning of the internal market it is therefore necessary to create a common Union legal framework to collectively address that central challenge by increasing the Union’s resilience and security of supply in the field of net-zero technologies. |
(3) |
The Union has committed to the accelerated decarbonisation of its economy and the ambitious deployment of renewable energy sources, in order to achieve climate neutrality, namely net-zero emissions or emissions after the deduction of removals, by 2050. That objective is at the heart of the European Green Deal, which is set out in the Commission communication of 11 December 2019, entitled ‘The European Green Deal’, the Commission communication of 5 May 2021, entitled ‘Updating the 2020 New Industrial Strategy: Building a stronger Single Market for Europe’s recovery, and is in line with the Union’s commitment to global climate action under the Paris Agreement (4). In order to reach the Union’s climate neutrality goal, Regulation (EU) 2021/1119 of the European Parliament and of the Council (5) sets a binding Union climate target to reduce net greenhouse gas emissions by at least 55 % by 2030 compared to 1990. The proposed “Fit for 55” package, set out in the Commission communication of 14 July 2021, entitled “Fit for 55”: delivering the EU’s 2030 Climate Target on the way to climate neutrality’ aims to deliver on the Union’s 2030 climate target and revises and updates Union law in that respect. |
(4) |
Moreover, the Green Deal Industrial Plan set out in the Commission communication of... |
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