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Home›Commodities›Energy›EU draft targets electrification by 2040 to cut fossil…

EU draft targets electrification by 2040 to cut fossil fuel demand

The European Commission plans to propose the new 2040 electrification goal on July 17, with the specific share still unspecified.

Reported · Written up by our desk · Energy

The European Commission is expected to unveil next week a draft electrification target for 2040 aimed at reducing reliance on oil and gas and supporting the EU renewable energy sector, Bloomberg News reported.

The proposal is set for July 17, and the draft does not yet specify what share of energy electrification would be targeted, according to the draft proposal referenced by Bloomberg News.

Sources

OilPriceEU Eyes 2040 Electrification Target to Slash Oil and Gas Dependence

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