The European Commission has unveiled its strategy to end the EU’s dependence on Russian fossil fuels, in turn accelerating the green energy transition.
The REPowerEU Plan, released today (May 18th), aims to help end Europe’s dependence on Russian fossil fuels, which the EU states are being wielded as an economic and political weapon by Russia.
The plan calls for the investment of an additional €210bn by 2027, through energy savings, diversification of energy supplies, and accelerated roll-out of renewable energy to replace fossil fuels in homes, industry, and power generation.
By diversifying energy supplies and investing in renewables, Europe can also accelerate the green transformation, supported by the Recovery and Resilience Facility (RRF) – considered to be at the heart of the Plan.
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