Internasjonale nyheter

Net Zero Industry Act: Oil & Gas producers finally on the hook for their emissions?

On 16 March, the European Commission published several initiatives as part of the Green Deal Industrial Plan (GDIP). The Net-Zero Industry Act brings key elements to the table to ensure Europe follows through on its climate ambitions. Ranging from a welcome acceleration of permitting procedures to a CO2 storage target, it also presents a risk of giving blanket support to technologies that could use a more robust regulatory framework, like hydrogen, to ensure their positive contribution to climate change mitigation.