EU Eyes 2040 Electrification Target to Slash Oil and Gas Dependence | HappeningNow.news

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EU Eyes 2040 Electrification Target to Slash Oil and Gas Dependence

The European Commission is set to unveil next week an electrification target for 2040 in a bid to reduce the need for fossil fuels and strengthen the renewable energy sector in the EU, according to a draft proposal seen by Bloomberg News.

Source AI Summary Published July 9, 2026 Brief Under 1 min brief
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The European Commission is planning to introduce a target for 2040 that aims to reduce the EU's reliance on oil and gas by promoting electrification. The proposed target is expected to be unveiled next week, with the Commission setting a specific share of electrification for the region.

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