The EU approved a law to increase the domestic production of green technologies

European Union governments formally approved a new law on Monday to ensure the bloc produces 40 % of its solar panels, wind turbines, heat pumps and other clean-tech equipment and help European industry compete with US and Chinese rivals.

The Net Zero Industry Act (NZIA) will come into force next month or early July after it is signed by the Presidents of the European Parliament and the Council and published in the EU Official Journal. (More on reuters.com)