The EU has repeatedly mentioned that the bloc’s dependency on Russian power provides permits Moscow to make use of them as an financial and political weapon and value European taxpayers almost €100 billion per 12 months.
REPowerEU plans to rework Europe’s power system. By appearing as a Union, Europe can part out its dependency on Russian fossil fuels sooner, the Commission mentioned, including that 85% of Europeans consider that the EU ought to cut back its dependency on Russian fuel and oil as quickly as doable to help Ukraine. The measures within the REPowerEU Plan can reply to this ambition, by means of power financial savings, diversification of power provides, and accelerated roll-out of renewable power to interchange fossil fuels in houses, trade and energy era, the EU Commission mentioned in a press launch.
The inexperienced transformation will strengthen financial progress, safety, and local weather motion for Europe and our companions, the Commission mentioned, including that the Recovery and Resilience Facility (RRF) is on the coronary heart of the REPowerEU Plan, supporting coordinated planning and financing of cross-border and nationwide infrastructure in addition to power tasks and reforms. The Commission proposed to make focused amendments to the RRF Regulation to combine devoted REPowerEU chapters in Member States’ current restoration and resilience plans (RRPs), along with the massive variety of related reforms and investments that are already within the RRPs. The country-specific suggestions within the 2022 European Semester cycle will feed into this course of.
Energy financial savings are the quickest and least expensive solution to handle the present power disaster and cut back payments, the Commission mentioned, proposing to boost long-term power effectivity measures, together with a rise from 9% to 13% of the binding Energy Efficiency Target beneath the Fit for 55 bundle of European Green Deal laws. “Saving power now will assist us to organize for the potential challenges of subsequent winter,” the Commission mentioned.
The EU Save Energy Communication revealed on May 18 particulars short-term behavioural adjustments which may reduce fuel and oil demand by 5% and inspiring Member States to start out particular communication campaigns concentrating on households and trade. Member States are additionally inspired to make use of fiscal measures to encourage power financial savings, corresponding to decreased VAT charges on power environment friendly heating techniques, constructing insulation and home equipment and merchandise. The Commission additionally set out contingency measures in case of extreme provide disruption, and can difficulty steerage on prioritisation standards for purchasers and facilitate a coordinated EU demand discount plan.
Moreover, the EU has been working with worldwide companions to diversify provides for a number of months and has secured file ranges of liquified pure fuel (LNG) imports and better pipeline fuel deliveries. The newly created EU Energy Platform, supported by regional activity forces, will allow voluntary widespread purchases of fuel, LNG and hydrogen by pooling demand, optimising infrastructure use and coordinating outreach to suppliers, the Commission mentioned. “As a subsequent step, and replicating the ambition of the widespread vaccine buying programme, the Commission will contemplate the event of a ‘joint buying mechanism’ which is able to negotiate and contract fuel purchases on behalf of collaborating Member States. The Commission can even contemplate legislative measures to require diversification of fuel provide over time by Member States. The Platform can even allow joint buying of renewable hydrogen,” the press launch learn.
The EU External Energy Strategy adopted on May 18 will facilitate power diversification and constructing long-term partnerships with suppliers, together with cooperation on hydrogen or different inexperienced applied sciences, the Commission mentioned. In line with the Global Gateway, the Strategy prioritises the EU’s dedication to the worldwide inexperienced and simply power transition, rising power financial savings and effectivity to scale back the strain on costs, boosting the event of renewables and hydrogen, and stepping up power diplomacy.
In the Mediterranean and North Sea, main hydrogen corridors shall be developed. “In the face of Russia’s aggression, the EU will help Ukraine, Moldova, the Western Balkans and Eastern Partnership international locations, in addition to our most weak companions. With Ukraine we are going to proceed to work collectively to make sure safety of provide and a functioning power sector, whereas paving the best way for future electrical energy and renewable hydrogen commerce, in addition to rebuilding the power system beneath the REPowerUkraine initiative,” the Commission mentioned.
It additionally referred to as for accelerating the rollout of renewables. “A large scaling-up and speeding-up of renewable power in energy era, trade, buildings, and transport will speed up our independence, make stronger the inexperienced transition, and cut back costs over time. The Commission proposed to extend the headline 2030 goal for renewables from 40% to 45% beneath the Fit for 55 bundle,” the Commission mentioned.
The EU’s government arm additionally referred to as for decreasing fossil gasoline consumption in trade and transport.