European plan of 195 billion euros for the exemption from Russian fuel

0

With the energy barrier between Europe and Russia continuing unabated, Brussels is working on plans that will make it possible for the Old Continent to become completely energy independent from Moscow. The latest project that “shines” the Commissionprovides for measures and investments of total amount 195 billion eurosin order to stop the import Russian fossil fuels by 2027.

The plan, released by Euractiv and following on from the Commission proposals outlined on March 8 following the Russian invasion of Ukraine, also envisions a faster spread of renewable energy and energy savings by switching to alternative natural gas supplies. gas.

The measures to be presented next week include a mix of EU laws, non-binding plans and recommendations that national governments could adopt, including revising their plans for spending the huge EU COVID-19 recovery fund to to release more funding for the energy transition.

The Commission expects the measures to require an investment of € 195 billion, in addition to those already required to meet the Union’s climate target for 2030, which will help reduce Europe’s fossil fuel account.

Brussels, according to Euractiv, will also outline plans to produce 10 million tonnes of renewable hydrogen by 2030 and import another 10 million tonnes, with the support of legislation defining which types of hydrogen can be considered renewable.

The EU will also outline potential for increasing liquefied natural gas imports from countries such as Egypt, Israel and Nigeria, as well as the infrastructure needed to replace Russian gas imports – which, according to a draft document, should be be designed to ensure that they do not block decades of emissions that could undermine climate change goals.

Leave A Reply

Your email address will not be published.