Dossier
electricity target
Coverage of electricity target in the Nexus archive.
- Q&A: What the EU’s carbon market review means for climate action
The European Commission proposed extending free carbon allowances for companies under the EU Emissions Trading System (ETS) until 2031, aiming to balance climate goals with business interests. Critics argue this could weaken the system, while the proposal includes a new target for electricity to account for 46% of energy consumption by 2040, potentially reducing fossil fuel imports by €260bn annually.