We Mean Business Coalition response to EU Electrification Action plan and ETS review

The We Mean Business Coalition supports the EU's Electrification Action Plan and its 46% electrification target for 2040, but warns that proposed changes to the Emissions Trading System (ETS)—specifically regarding the linear reduction factor, auctioning, and free allowances—could undermine investment signals and the overall transition to a clean industrial future.

• The We Mean Business Coalition supports the EU Electrification Action Plan, specifically noting that the indicative electrification target of 46% by 2040 can encourage action and unlock economic benefits throughout European electrification value chains.
• The Coalition emphasizes that EU member states must establish the correct policy conditions to stimulate demand-side investment, suggesting the use of smart taxation and the reform of fossil fuel subsidies to lower electricity costs for industry, transport, and buildings.
• While welcoming the link between the ETS and the EU 2040 target, the Coalition argues that certain proposed ETS measures—including the continuation of free allowances, changes to allowance auctioning, and reducing the speed of the cap shrinkage (LRF) to 3.7%—risk sending mixed investment signals and undermining the system's integrity.

APA

Whittaker, M. (2026). We Mean Business Coalition response to EU Electrification Action plan and ETS review. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-response-to-eu-electrification-action-plan-and-ets-review/

Chicago

Whittaker, Mary. We Mean Business Coalition response to EU Electrification Action plan and ETS review. We Mean Business Coalition, 2026. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-response-to-eu-electrification-action-plan-and-ets-review/.

Wikipedia

{{cite press release |last1=Whittaker |first1=Mary |title=We Mean Business Coalition response to EU Electrification Action plan and ETS review |publisher=We Mean Business Coalition |date=17 July 2026 |url=https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-response-to-eu-electrification-action-plan-and-ets-review/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{whittaker2026mean, author = {Whittaker, Mary}, title = {{We Mean Business Coalition response to EU Electrification Action plan and ETS review}}, publisher = {We Mean Business Coalition}, year = {2026}, month = jul, url = {https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-response-to-eu-electrification-action-plan-and-ets-review/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }