EU should use energy budget funds to boost electrification, EU chief says
( April 29, 2026, 12:12 GMT | Official Statement) -- MLex Summary: The EU should use €95 billion available in its energy spending plans to help the bloc switch to electricity in industry and heating as well as transport, European Commission President Ursula von der Leyen has said, calling it a matter of economic security. In a speech to the European Parliament where she warned about rising costs of fossil fuels from the conflict in the Middle East, she said the commission would put forward its Electrification Action Plan by the summer with an ambitious electrification target. Full speech follows, and can be found in the attached files....
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