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EU Unveils Electrification Plan, Weakens Carbon Pricing Amid Fossil Subsidies

7/15/2026

22 2 Full Breakdown

Summary

Story summary

The European Commission will unveil an electrification plan on Friday and propose to dilute the EU carbon-pricing system.
State support for fossil fuels could reach its highest level since 2022, with 68 % of taxpayer-funded energy spending going to them last year.
Private companies invested only 28 % of their energy funds in fossil fuels.
A Science analysis of 1,500 climate policies since 1998 found just four percent actually cut emissions.

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Story summary

The European Commission will unveil an electrification plan on Friday and propose to dilute the EU carbon-pricing system.
State support for fossil fuels could reach its highest level since 2022, with 68 % of taxpayer-funded energy spending going to them last year.
Private companies invested only 28 % of their energy funds in fossil fuels.
A Science analysis of 1,500 climate policies since 1998 found just four percent actually cut emissions.