( July 17, 2026, 10:46 GMT | Official Statement) -- MLex Summary: The European Commission has outlined plans for electricity to meet 46 percent of EU energy demand by 2040 to help cut the bloc's fossil fuel import bill by €260 billion per year, and boost investment from the European carbon market, the Emissions Trading System. The Electrification Action Plan would support grids, heat pumps, electric vehicles and industry, while the carbon-market changes would slow permit reductions, maintain free permits longer and allow limited international credits, it said.Press release follows. Documents attached....
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