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VdL Speaks On EU Energy Plans, Replacing Russian Fossil Fuels

EU COMMISSION

European Comission President Ursula von der Leyen speaking presently on the RePowerEU plan that intends to support transition to green energy in the EU, as well as reducing reliance on Russian hydrocarbons.

  • Livestream here: https://audiovisual.ec.europa.eu/en/ebs/live/1
  • VdL: "We must now reduce as rapidly as possible our reliance of Russian energy...the EU can replace Russian fossil fuels through non-Russian supplies, clean energy, and saving more energy'.
  • VdL announces boost to EU 2030 renewable energy target to 45%. Obligation for countries to install solar panels on public buildings by 2025, on new homes by 2029.
  • VdL: 'EUR300bn to reduce reliance on Russian hydrocarbons. EUR72bn in grants, EUR225bn in loans...Gas and LNG infrastructure investments will total EUR10bn, oil will recieve EUR2bn, with all other support going to clean energy'

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