reNews3 Jul 2026Macro
Automatically composed with AI from the cited sources
WindEurope stated that the EU ETS generated €43bn in 2025 but only around 5% of reported revenues go to industrial decarbonisation, ahead of the Commission’s 17 July ETS review and Electrification Action Plan. The industry body noted electricity covers just 4% of industrial heat demand despite technologies being able to electrify 930 TWh of demand, and that by June 2025 the EU Innovation Fund had disbursed only €331.8m from €12.3bn in available funding. It called for ETS revenues to be channelled into electrification projects in ready-to-electrify sectors rather than hydrogen or carbon capture schemes, arguing this would replace imported fossil fuels—Europe imports more than 60% of its energy as fossil fuels—with homegrown electricity.