The EU Member States and the European Parliament have reached a political agreement on the Net-Zero Industry Act (NZIA). The law is intended to be Europe’s answer to the US Inflation Reduction Act and improve the conditions for manufacturers of a range of green technologies. For the first time, a business case will be added to the regulatory agenda of the European Green Deal, said the European Parliament’s rapporteur, Christian Ehler (CDU). However, the Council and Parliament still have to approve the agreement formally.