The European Commission on Wednesday will publish a 210 billion-euro plan on how Europe can end its dependence on Russian fossil fuels by 2027 and use the turn from Moscow to speed up the transition to green energy.
Russia’s invasion of Ukraine, Europe’s main gas supplier, has prompted the European Union to reconsider its energy policy amid growing supply shock concerns.
Russia supplies 40% of the gas to the bloc and 27% of imported oil, and EU countries have difficulty agreeing on sanctions against the latter.
To wean countries off these fuels, Brussels is proposing a tripartite plan: switching to more non-Russian gas imports, accelerating the spread of renewable energy and more energy-saving efforts, according to draft documents released by Reuters.
Draft measures that may change before they are published include a combination of EU law, optional schemes and recommendations that national governments can adopt.
Taken together, Brussels expects to need 210 billion euros in additional investment – which the EU plans to support by freeing up more money for energy transfers from its COVID-19 recovery fund, and which will ultimately cut the billions of euros Europe spends. imports of fossil fuels every year.
The plans outline a short-term boost for gas supplies outside Russia, highlighting the potential for increased liquefied natural gas imports from countries including Egypt, Israel and Nigeria, as well as the infrastructure needed to withdraw from Russia.
Europe’s gas demand is expected to fall by about a third by 2030 in line with the bloc’s climate change targets, and the proposals are expected to set targets for producing 10 million tonnes of renewable hydrogen by 2030 and importing another 10 million tonnes. – that can be Used to replace gas in industry to avoid emissions for years.
The Commission is considering proposing higher targets for increasing the use of renewable energy sources and energy efficiency – with a share of renewable energy sources of 20% by 2030, replacing the current proposal of 40%.
A 13% reduction in energy consumption in the EU by 2030 versus expected use is also being discussed to replace the current proposal by 9%.
Other parts of the package include an upgraded law that offers simplified permits for one year for some wind and solar projects to reduce the multi-year deadlines for obtaining permits that delay projects.
New EU schemes for the rapid start of large-scale solar deployment will also seek to reduce gas and heating in homes, offices and factories, requiring countries to install solar in all new public buildings from 2025, according to another. draft.