The European Commission has unveiled details of its REPowerEU plan, a road map intended to eliminate Europe’s reliance on Russian energy sources.
Brussels’ road map will aim to eliminate Russian gas, oil and coal imports into the EU by 2027. The renewable energy sector is planned to play a key role in this effort. The European Commission has increased the RES sector’s energy-mix target to 45 percent, up from 40 percent, by 2030 and will seek to accelerate RES investments.
Solar energy utilization will be a pivotal factor of this strategy, to be promoted through the European Solar Rooftop Initiative, part of the REPowerEU plan.
The wider plan will push for an energy savings increase of 13 percent by 2030, up from the present objective aiming for a 9 percent increase in savings.
The European Commission estimates investments totaling 210 billion euros will need to be made by 2027, as an addition to the previous Fit for 55 plan, which set a target for a 55 percent reduction of carbon emissions by 2030, compared to 1990 levels.