REPowerEU: Joint European Action for more affordable, secure and sustainable energy

Author (Corporate)
Series Details COM (2022) 108
Publication Date 08/03/2022
Content Type , ,

Summary:

Communication published by the European Commission on 8 March 2022, aimed at improving the European Union's energy security and reducing dependency from Russian fossil fuels.

Further information:

This Communication was published in a context of rising prices in the energy markets and dramatic changes to the European Union's security situation following Russia's invasion of Ukraine.

It presents additional guidance on addressing energy prices, and it confirms the possibility to regulate those prices in exceptional circumstances. It sets out how EU Member States can redistribute revenue from high energy sector profits and emissions trading to consumers. It positions EU State Aid rules as offering options to provide short-term support to companies affected by high energy prices, and help reduce their exposure to energy price volatility in the medium to long term. The additional guidance follows up on the Toolbox published by the European Commission in October 2021. A number of other actions and future legislative initiatives are also presented in this plan.

The Commission also proposes the phasing out of EU dependence on fossil fuels from Russia by well before 2030. This can be achieve through the development of a so-called REPowerEU plan aimed at increasing the resilience of the EU-wide energy system. This is carried out via diversification of gas supplies and faster reduction of the use of fossil fuels in homes, industry and the power system.

Source Link https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2022:108:FIN
Alternative sources
  • https://energy.ec.europa.eu/repowereu-joint-european-action-more-affordable-secure-and-sustainable-energy_en
Related Links
Commentary and Analysis
Politico, 08/03/2022: How Putin made the Green Deal great again https://www.politico.eu/article/putin-made-europe-green-deal-great-again/
ING Think: Snaps, 08/03/2022: European Commission presents plans to reduce dependence on Russian gas https://think.ing.com/snaps/european-commission-presents-plans-to-reduce-dependence-on-russian-gas/
EUObserver, 08/03/2022: It's not easy being green — and cutting Russian gas https://euobserver.com/climate/154501
ING Think: Article, 10/03/2022: Is REPowerEU too focused on renewables as a way to cut out Russian gas? https://think.ing.com/articles/is-repowereu-too-focused-on-renewables-as-a-way-to-cut-out-russian-gas/
EurActiv: Opinion, 18/03/2022: RePowerEU: Biofuels play a strategic role in boosting Europe’s energy independence https://www.euractiv.com/section/biofuels/opinion/repowereu-biofuels-play-a-strategic-role-in-boosting-europes-energy-independence/

News
Deutsche Welle, 08/03/2022: EU unveils plan to reduce Russia energy dependency https://p.dw.com/p/489N7
BBC News, 08/03/2022: Climate change: EU unveils plan to end reliance on Russian gas https://www.bbc.co.uk/news/science-environment-60664799
Euronews, 08/03/2022: EU will slash imports of Russian gas by two thirds by 2023 https://www.euronews.com/my-europe/2022/03/08/eu-will-slash-imports-of-russian-gas-by-two-thirds-by-2023
Politico, 08/03/2022: EU aims to slash Russian gas dependence by two-thirds this year https://www.politico.eu/article/eu-slash-russia-gas-dependence-timmermans-iea/
TIME Magazine. 08/03/2022: E.U. Releases Plan to Cut Russian Gas Imports by Two-Thirds and Increase Renewables https://time.com/6155885/eu-plan-cut-russian-gas-imports/
RFI News, 08/03/2022: EU plans to cut Russian gas imports by two-thirds this year, UK and US to ban Russian oil https://www.rfi.fr/en/international/20220308-eu-plans-to-cut-russian-gas-imports-by-two-thirds-this-year-uk-and-us-to-ban-russian-oil
BBC News, 09/03/2022: War in Ukraine: West hits Russia with oil bans and gas curbs https://www.bbc.co.uk/news/world-us-canada-60666251
EurActiv, 09/03/2022: EU rolls out plan to slash Russian gas imports by two thirds before year end https://www.euractiv.com/section/energy/news/eu-rolls-out-plan-to-slash-russian-gas-imports-by-two-thirds-before-year-end/

Official
European Commission: Press Release, 08/03/2022: REPowerEU: Joint European action for more affordable, secure and sustainable energy https://ec.europa.eu/commission/presscorner/detail/en/ip_22_1511
European Commission: Questions and Answers on REPowerEU: Joint European action for more affordable, secure and sustainable energy (8 March 2022) https://ec.europa.eu/commission/presscorner/detail/en/qanda_22_1512
European Commission: Opening remarks by Executive Vice-President Timmermans and Commissioner Simson at the press conference on the REPowerEU Communication (8 March 2022) https://ec.europa.eu/commission/presscorner/detail/en/speech_22_1632

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Record URL https://www.europeansources.info/record/?p=525399