The European Net-Zero Industry Act: planting the seeds for sustainable economic growth

The European Net-Zero Industry Act (NZIA) presents a great opportunity for the EU to address climate change while encouraging economic growth. This package arrives at times of need given the ongoing crises and other countries’ decarbonisation investments, particularly the US Inflation Reduction Act. On Wednesday, 25 October, the European Parliament passed a vote to support the Act’s adoption, demonstrating their sustained commitment towards the NZIA’s sustainability goals. The American Chamber of Commerce to the EU (AmCham EU) supports this initiative and is pleased to see the EU making advancements in the green transition without hindering economic prosperity.

News
25 Oct 2023
The European Net-Zero Industry Act: planting the seeds for sustainable economic growth

The European Net-Zero Industry Act (NZIA) presents a great opportunity for the EU to address climate change while encouraging economic growth. This package arrives at times of need given the ongoing crises and other countries’ decarbonisation investments, particularly the US Inflation Reduction Act. On Wednesday, 25 October, the European Parliament passed a vote to support the Act’s adoption, demonstrating their sustained commitment towards the NZIA’s sustainability goals. The American Chamber of Commerce to the EU (AmCham EU) supports this initiative and is pleased to see the EU making advancements in the green transition without hindering economic prosperity.

AmCham EU member companies are also highly committed to reducing carbon emissions while protecting the EU’s competitiveness. However, to strike this balance the Act must include any technology that contributes to decarbonsation, such as Carbon Capture and Storage, in its benefit package. The EU must also prioritise regulatory coherence, geographic non-discrimination, simplified funding support, and it must address the current skills shortage. Finally, European policymakers should encourage transatlantic cooperation on strategic investments and incentives to avoid duplication and shift supply chains away from strategic rivals.

American industry in Europe is committed to collaborating with the EU in its search for low-carbon energy and technology manufacturing, but we must ensure that the region’s competitiveness is not hindered in the process.

Related items

News
11 Dec 2025

Exploring transatlantic ties at AmCham Luxembourg

On Tuesday 2 December, Thibaut L’Ortye, Senior Director of Public Affairs, AmCham EU presented The Transatlantic Economy 2025 report at AmCham Luxembourg’s Transatlantic Trade and Investment event. Stacey Feinberg, US Ambassador to Luxembourg highlighted the strong ties between Luxembourg and the US, with over 150,000 people employed thanks to the partnership. During his section, Mr L’Ortye presented the results of the report, with a particular focus on the resiliency of the EU-US relationship. Despite differing views on certain issues, the transatlantic partnership remains the most integrated in the world, directly responsible for 16 million jobs and one third of global GDP.

Transatlantic
Read more
Read more about Exploring transatlantic ties at AmCham Luxembourg
News
11 Dec 2025

AmCham EU reaches record 169 members

AmCham EU is pleased to announce a new record in membership, closing the year with 169 member companies. This milestone highlights the continued commitment of US businesses operating in Europe and the collective effort to strengthen the transatlantic relationship. We thank all our members for their trust and engagement. We look forward to continued collaboration in 2026. Hear more on this milestone from Malte Lohan, CEO, AmCham EU here.

Updates
Read more
Read more about AmCham EU reaches record 169 members
News
11 Dec 2025

STEMming the skills gap

By 2035, high-tech roles will make up a significant share of employment across the EU, yet many young people still lack the digital skills needed to succeed. Amazon is helping bridge this gap through initiatives in Poland and Spain. In Warsaw, the company supports STEM Kindloteka, a modern hub offering young people free, interactive workshops in coding, robotics and virtual reality. In Spain, Amazon is working with the Ministry of Education, Vocational Training and Sports to train 500,000 students in digital and technological skills by 2027. These efforts strengthen Europe’s talent pipeline and support long-term competitiveness. Learn more about Amazon’s commitment to digital skills development on Invested in Europe

Digital
Social impact, inclusion and skills
Read more
Read more about STEMming the skills gap