The EU institutions have reached a political agreement on the Net-Zero industrial plan. This was announced by Belgium's rotating EU presidency.

"The regulation aims to promote the diffusion of zero-impact technologies in industry," highlights the EU presidency in a statement. The regulation is necessary to achieve European climate objectives, according to the EU. The agreement was reached at the last minute, the European Commission said on Monday. The EU is expected to announce a new industrial plan by the end of the year.