The European Commission’s proposed Net-Zero Industry Act aims to reduce greenhouse gas emissions in the industrial sector to zero by 2050. By 2030, at least 40 percent of EU demand for clean technologies will be met in Europe. The regulation will require member states to develop national plans to decarbonize the industry. It will also support the development of carbon capture and storage (CCUS) technologies by setting a target of storing 50 million tons of carbon annually by 2030.