EU plans to pivot from Russian gas
Switch to renewables and hydrogen aims to displace demand for Russian gas well before 2030
The European Commission has proposed a plan to make Europe independent from Russian fossil fuels well before 2030 as a response to Moscow’s decision to invade Ukraine. Russia provided around 45pc of EU gas imports in 2021. The plan—known as RepowerEU—will seek to diversify gas supplies, speed up the rollout of renewable gases such as green hydrogen and replace gas in heating and power generation. The Commission believes it can reduce EU demand for Russian gas by two-thirds before the end of the year. “The quicker we switch to renewables and hydrogen, combined with more energy efficiency, the quicker we will be truly independent and master our energy system,” says European Commission presiden
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology