300 billion euros for independence from Russian energy — RT DE

The European Union has announced plans to continue moving away from Russia’s energy supply. Ursula von der Leyen presented a package worth almost 300 billion euros that provides for more efficient use of fuel and faster introduction of renewable energies.

On Wednesday, Ursula von der Leyen, President of the European Commission, announced the EU’s latest plans during a convened press meeting. The aim is to push the EU’s efforts to get rid of the need for fossil fuels from Russia and “accelerate” a corresponding energy transition. Von der Leyen left among other things to know:

“We must reduce our energy dependency on Russia as quickly as possible. We are mobilizing up to €300 billion for this purpose. This will boost our European ‘Green Deal’.”

Von der Leyen also announced the formula via the official Twitter channel:

“Our proposals relate to Europe’s energy security, our defense and support to Ukraine.

We must now reduce our dependence on Russia in the energy sector as quickly as possible.

We can do that.”

In the official statements The European Commission says:

“We can replace Russian fossil fuels by working on three levels: On the demand side, through energy savings. On the supply side, by diversifying our energy imports away from fossil fuels and accelerating the transition to clean energy.”

According to von der Leyen, further “EU targets” are an increase “for energy efficiency and renewable energies for 2030” and “an obligation to use solar roofs for commercial and public buildings from 2025 and for new residential buildings from 2029”. . The proposal reads “to increase the EU’s energy saving target for 2030 from 9 to 13 percent, and also to increase the envisaged target for the share of renewable energies in the EU from 40 percent to 45 percent by 2030.”

The approximately 300 billion euros are to be financed largely from loans and grants. This is what it says literally:

“Approximately EUR 72 billion in grants and EUR 225 billion in loans. This includes part of the funding – up to EUR 10 billion – for missing links for gas and LNG.

In addition, up to EUR 2 billion will be made available for oil infrastructure to stop Russian oil being shipped. All of the remainder of the funding will go towards accelerating and expanding the clean energy transition.”

However, all indicated plans and measures still have to be negotiated with the EU countries and the European Parliament.

More on the subject – Hans-Werner Sinn: “Take care of yourselves. Don’t believe that the state can do it”

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