EU proposes plan to end energy dependence from Russia

The plan sets out four priorities, including solutions such as saving energy, diversifying supply sources, and developing renewable energy sources.

The European Commission’s proposal prioritizes raising the target of renewable energy production from 40 to 45 percent, producing 10 million tons of renewable hydrogen and importing 10 million tons by 2030. European Member States are encouraged to encourage the launch of a media campaign targeting households and industry to reduce gas and oil demand by 5%; use fiscal measures to save energy such as reducing VAT on heating, building insulation and energy-saving appliances.

In addition, European countries also prioritized diversification of supplies and development of a joint purchase mechanism for liquefied petroleum gas and renewable hydrogen fuel, and at the same time, increased hydrogen fuel production in Mediterranean and maritime countries. North, incorporating the development of biofuel sources. To develop the energy transmission and supply infrastructure, the European Commission proposes to invest 210 billion euros between now and 2027.

According to estimates by the European Commission, the cessation of Russian oil and gas imports gives EU countries an additional 100 billion euros to invest in energy self-reliance while supporting countries such as Ukraine, the Western Balkans and the European Union. Eastern European countries ensure energy supplies.

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