The proposal, which forms part to the Green Deal Industrial Plan, aims at simplifying the regulatory framework, and improving the investment environment for the Union’s manufacturing capacity of technologies that are key to meet the Union’s climate neutrality goals and ensure that European decarbonised energy system is resilient (pillar 1). The Regulation sets the conditions to increase CO2 injection capacity (pillar 2) as well as to incentivise demand for net-zero technologies (pillar 3). It also creates a framework for ensuring a skilled labour force in the sector (pillar 4), foster innovation (pillar 5), creates a governance structure (pillar 6) and establishes the framework for monitoring the implementation of these measures (pillar 7). Indicative adoption timeline: - ECON meeting of 19 April 2023: appointment of a Rapporteur - ECON meeting of 7 June: exchange of views - ECON meeting of 18 October: adoption in ECON - Plenary session of 29-30 November: adoption

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