REPowerEU: European Commission presents its plan to reduce dependence on Russian fossil fuels
The European Commission has presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by Russia’s invasion of Ukraine. The Commission points out a double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels, which are used as an economic and political weapon and cost European taxpayers nearly €100 billion per year, and tackling the climate crisis.
According to the Commission, 85% of Europeans believe that the EU should reduce its dependency on Russian gas and oil as soon as possible to support Ukraine. The measures in the REPowerEU Plan can respond to this ambition, through energy savings, diversification of energy supplies, and accelerated roll-out of renewable energy to replace fossil fuels in homes, industry and power generation.
The plan foresees a target of 10 million tonnes of domestic renewable hydrogen production and 10 million tonnes of imports by 2030, to replace natural gas, coal and oil in hard-to-decarbonise industries and the transport sector.
CLEPA supports the deployment of all effective and efficient solutions contributing to the goal of climate-neutrality, climate-neutral goals, enabling consumer choice and protecting employment and the competitiveness of EU industries. Diversification in parallel with the scale up of renewable energy is key. In this regard, sustainable renewable fuels powering advanced internal combustion engines can play a fundamental role in the mobility transition.
The green transformation will strengthen economic growth, security, and climate action for Europe and our partners. The Recovery and Resilience Facility (RRF) is at the heart of the REPowerEU Plan, supporting coordinated planning and financing of cross-border and national infrastructure as well as energy projects and reforms. The Commission proposes to make targeted amendments to the RRF Regulation to integrate dedicated REPowerEU chapters in Member States’ existing recovery and resilience plans (RRPs), in addition to the large number of relevant reforms and investments which are already in the RRPs. The country-specific recommendations in the 2022 European Semester cycle will feed into this process.
Source: European Commission
In: CLEPA News, Environment & Energy