EU rushes out $300 billion roadmap to ditch Russian energy

The Associated Press

With no end in sight to Russia’s war in Ukraine and European energy security shaken, the EU is rushing to align its geopolitical and climate interests for the coming decades. It comes amid troubling signs that have raised concerns about energy supplies that the EU relies on and have no quick replacements for, including Russia cutting off member nations Poland and Bulgaria after they refused a demand to pay for natural gas in rubles.

Energy savings and renewables form the cornerstones of the package, which would be funded mainly by an economic stimulus program put in place to help member countries overcome the slump triggered by the coronavirus pandemic. It put forward a specific plan on solar energy, seeking to double photovoltaic capacity by 2025 and pushing for a phased-in obligation to install solar panels on new buildings.

Biden Will Gladly Send Them Our Oil.

EU NOT UK

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EU unveils 210 bln euro plan to ditch Russian fossil fuelsThe 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. Doesn't she mean Russia isn't renewing contracts in the west when they run out . I know it’s not easy to transition, but 2027 sounds like a long way away when measured in war minutes. This unelected tittenbonus is burning bridges in its own backyard for the sake of a war mongers who lives on the other side of the world. Europe couldn’t be in worst hands.
Source: Reuters - 🏆 2. / 97 Read more »