The European Commission on Wednesday unveiled a 210 billion euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy.
The invasion of Ukraine by Russia, Europe’s top gas supplier, has prompted the EU to rethink its energy policies amid sharpened concerns of supply shocks. Russia supplies 40 per cent of the bloc’s gas and 27 per cent of its imported oil, and EU countries are struggling to agree sanctions on the latter.
To wean countries off those fuels, Brussels proposed a three-pronged plan: a switch to import more non-Russian gas, a faster rollout of renewable energy, and more effort to save energy.
