It will cost the European Union almost 200 euros energy independence from Russia over the next five years, according to drafts cited by the Financial Times that set offensive targets in areas such as clean energy and reducing consumption.
A draft of the European Commission’s RepowerEU proposals shows that Brussels expects an additional investment of € 195 billion by 2027, in addition to plans to boost carbon emissions.
The EU will also need to reduce energy consumption more than expected if it is to meet its ambitious zero-carbon targets of 2050.
The proposals will be published next week.
The commission has already said the EU could cut Russian gas imports by two-thirds this year, urging Member States to replenish their gas reserves before next winter. In addition, seeks the approval of a sixth package of sanctionswhich will include a gradual embargo on Russian oil this year.
The proposals are aimed at “rapidly reducing our dependence on Russian fossil fuels, promoting a clean transition and joining forces to achieve a more resilient energy system and a genuine Energy Union,” the Commission draft said.
The document talks about a 13% reduction in energy consumption by 2030, compared to 9% in the previous proposal. Brussels is also aiming to accelerate the development of renewable energy sources, aiming to cover 45% of total demand by 2030, up from a target of 40% so far. For this to happen, the current capacity of 511 gigawatts needs to be more than doubled to reach 1,236 GWh.
The document also sets out a strategy to accelerate the installation of solar photovoltaic capacity by 2028, at a level more than double the current one. It also requires greater use of heat pumps, geothermal energy and solar thermal energy. The construction of wind farms, often hampered by objections from local communities, needs to be “drastically accelerated,” he said.
The Commission also aims to boost hydrogen use by producing 20 million tonnes of renewables by 2030, half of which is imported.
The gap between production costs and selling prices of renewable hydrogen produced in the EU and abroad will be subsidized. A draft international energy strategy, also cited by the Financial Times, proposes three “hydrogen import corridors” through the Mediterranean, the North Sea and, ultimately, Ukraine. The strategy is based, finally, on the increased use of biomethane, at a cost of 36 billion euros.
Follow Skai.gr on Google News
and be the first to know all the news
