As you have heard/read the news that the European Union (EU) is preparing to introduce a new law named Net Zero Industry Act in the anticipation that this would help accelerate its green industries to set up production facilities in Europe.

 The Environmental Agency, the Department for Environment, Food and Rural Affairs (DEFRA) of UK awarded National Industrial Symbiosis Program (NISP®), the world’s first nationally facilitated industrial symbiosis program created by International Synergies, 27 million pounds over 8 years starting 2005-2013. DEFRA recognised NISP® and the team’s knowledge and insight in delivering support to industry. NISP® support to businesses reduced environmental impact while progressing mutually profitable transactions for the companies involved (avoiding 42 MT of CO2 with over £2 billion of economic value) and focussed on regional delivery and national coordination.

Provision of funding (or as with the NISP® case above proved can be a fantastic investment) is a great way of helping industries to develop innovative systems and technologies. While implementing the already developed technologies as short-term, with a vision of developing medium to long-term solutions of innovative green technologies could materialise further reduction of the emission and other effects into land, water, and air. Speaking at the World Economic Forum, President of European Commission Ursula von der Leyen announced that this new law will be part of the EU’s Green Deal Industrial Plan which would make Europe a Centre for Technology and Innovation. Supporting innovators and industries with funding would be an ideal way of preventing the brain drain of people and technologies to other countries.

The five strategies under EU Strategy 2020 that were set up in 2010 were:

  • Industrial Policy,
  • Resource Efficiency,
  • Raw Materials,
  • Waste Prevention and
  • Recycling, and Innovation.

Since 2020, it was the EU Circular Economy Action Plan that was leading the way for other Nations to follow.