EU Tackles Double Whammy of Dependence on Russian Fossil Fuels, Climate Crisis
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(WMN) The European Commission (EC) has presented a plan on how the EU can rapidly reduce its dependence on Russian fossil fuels and fast forward the green transition.
The European Union’s REPowerEU plan came as a result of Russia’s invasion of Ukraine, highlighting the risks involved with being reliant on Russian fossil fuels, given that Russia produces and exports large amounts of oil and gas to the European states. An outline of the plan was revealed by the EC in early March 2022, noting that this could reduce Europe’s demand for Russian gas by two-thirds before the end of the year.
On Wednesday, the EC presented the REPowerEU Plan, representing the EU’s response to the hardships and global energy market disruption caused by Russia’s invasion of Ukraine. The EC emphasised that there is a double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels and tackling the climate crisis.
According to EC, measures in this plan can respond to the ambition of phasing out Europe’s dependency on Russian fossil fuels faster through energy savings, diversification of energy supplies, and accelerated roll-out of renewable energy to replace fossil fuels in homes, industry, and power generation.
Commenting on the REPowerEU proposal, European Commission President, Ursula von der Leyen, said: “We can replace Russian fossil fuels by working on three levels: On the demand side, saving energy. On the supply side, diversifying our energy imports away from fossil fuels and accelerating the clean energy transition. Fortunately, we have the foundation for doing this already in place.”
She also added: “REPowerEU will help us to save more energy, accelerate the phasing out of fossil fuels and kick-start investments on a new scale. This will be speed-charging for our European Green Deal.”
Within point number one, energy savings, the commission proposes to enhance long-term energy efficiency measures, including an increase from 9 per cent to 13 per cent of the binding Energy Efficiency Target under the ‘Fit for 55′ package of European Green Deal legislation.
The EC also detailed short-term behavioural changes, which could cut gas and oil demand by 5 per cent, and encouraged member states to start specific communication campaigns targeting households and industry. The Commission also sets out contingency measures in case of severe supply disruption.
When it comes to point number two – diversification of supplies – the EU has been working with international partners to diversify supplies for several months and has secured record levels of LNG imports and higher pipeline gas deliveries.
*Culled from the World Maritime News.
The European Union’s REPowerEU plan came as a result of Russia’s invasion of Ukraine, highlighting the risks involved with being reliant on Russian fossil fuels, given that Russia produces and exports large amounts of oil and gas to the European states. An outline of the plan was revealed by the EC in early March 2022, noting that this could reduce Europe’s demand for Russian gas by two-thirds before the end of the year.
On Wednesday, the EC presented the REPowerEU Plan, representing the EU’s response to the hardships and global energy market disruption caused by Russia’s invasion of Ukraine. The EC emphasised that there is a double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels and tackling the climate crisis.
According to EC, measures in this plan can respond to the ambition of phasing out Europe’s dependency on Russian fossil fuels faster through energy savings, diversification of energy supplies, and accelerated roll-out of renewable energy to replace fossil fuels in homes, industry, and power generation.
Commenting on the REPowerEU proposal, European Commission President, Ursula von der Leyen, said: “We can replace Russian fossil fuels by working on three levels: On the demand side, saving energy. On the supply side, diversifying our energy imports away from fossil fuels and accelerating the clean energy transition. Fortunately, we have the foundation for doing this already in place.”
She also added: “REPowerEU will help us to save more energy, accelerate the phasing out of fossil fuels and kick-start investments on a new scale. This will be speed-charging for our European Green Deal.”
Within point number one, energy savings, the commission proposes to enhance long-term energy efficiency measures, including an increase from 9 per cent to 13 per cent of the binding Energy Efficiency Target under the ‘Fit for 55′ package of European Green Deal legislation.
The EC also detailed short-term behavioural changes, which could cut gas and oil demand by 5 per cent, and encouraged member states to start specific communication campaigns targeting households and industry. The Commission also sets out contingency measures in case of severe supply disruption.
When it comes to point number two – diversification of supplies – the EU has been working with international partners to diversify supplies for several months and has secured record levels of LNG imports and higher pipeline gas deliveries.
*Culled from the World Maritime News.
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