The European Commission has released a proposal for the EU Emissions Trading System (ETS) review and a new Electrification Action Plan, aimed at fostering long-term industrial investment and decarbonisation. Cement Europe supports the measures, particularly the focus on market stability, the funding of the Industrial Decarbonisation Bank via ETS revenues, and the inclusion of CO2…
Browsing: electrification
Minister of Power, Joseph Tegbe has said that President Bola Ahmed Tinubu’s administration is shifting focus of electrification from mere infrastructure to tangible economic empowerment.
The European Commission has proposed an ambitious plan to raise the European Union’s electrification rate to 46 per cent by 2040, alongside a major overhaul of the European Union Emissions Trading System (EU ETS) backed by more than €100 billion in industrial decarbonisation funding.