– Europe’s top gas supplier – has prompted the EU to rethink its energy policies amid concerns of supply shocks. Russia supplies 40 per cent of the bloc’s gas and 27 per cent of its imported oil.
The measures include a mix of EU laws, non-binding schemes and recommendations to member states, that are largely in charge of their national energy policies. Taken together, it expects the initiatives to require €210 billion in extra investments by 2027 and €300 billion by 2030 on top of those already planned to meet the bloc’s 2030 climate target.
While the plan had increased renewable targets, enhanced energy efficiency ambitions and a solar PV rooftop mandate, it failed to offer additional actions to tackle energy poverty, said Dr Bríd Walsh, climate policy coordinator with Friends of the EarthIt also focused on increasing imports of non-Russian LNG and pipeline gas while investing billions in new gas import terminals, she added.
EU and fast are not mutually compatible