The European Commission has presented on Wednesday the REPowerEU plan, which aims to reduce reliance on Russian fossil fuels while hastening the transition to renewable energy.
The executive arm proposes to raise the share of renewable energy from 40% to 45% by 2030, requiring an additional investment of 210 billion euros by 2027.
According to a news release from the European Commission, there is a double urgency to overhaul Europe’s energy system, including reducing the EU’s reliance on Russian fossil fuels and addressing the climate problem.
