top of page
  • Writer's pictureGustavo Bernal Torres

EU Unveils $220bn Plan to Ditch Russian Energy

The measures include a mix of EU laws, non-binding recommendations to governments in the EU’s 27 member countries.

  • Taken together, Brussels expects them to require 210 billion euros in extra investments by 2027 and 300 billion euros ($314bn) by 2030 on top of those already needed to meet the bloc’s 2030 climate target. Ultimately, it said the investments would slash Europe’s fossil fuel import bill.

  • Those investments include 86 billion euros ($90bn) for renewable energy and 27 billion ($28bn) for hydrogen infrastructure, 29 billion euros ($30bn) for power grids and 56 billion euros ($59bn) for energy savings and heat pumps.



Recent Posts

See All

EVs are shoving aside real volumes of oil. Global oil demand in road transport reached roughly 43.7 million barrels per day in 2021, a slight increase since 2015. The adoption of electric vehicles and

Fossil fuel companies are planning nearly 195 projects capable of producing at least a billion tons of CO2 pollution. The document identifies the 425 biggest fossil fuel extraction projects globally (

bottom of page