In light of the Russia-Ukraine war, the European Commission proposed a plan outline on May 18th 2022, to reduce Europe’s dependency on Russian fossil fuels before 2027. The plan mentions a series of measures that works toward replenishing gas stocks for next winter and responding to the rising energy prices in Europe. There has been an increase in energy prices in Europe for the past few months, and the uncertainty on supply has been exacerbating the issue. The new outlined plan, known...
The Executive Vice President for the European Green Deal Frans Timmermans, 2022, about the REPowerEU mentions; “what we’re proposing is what I would call a double deal - first a short-term deal to provide us with the required fossil fuel, and then a long-term deal for incorporating them in a global system on the production & the use of green hydrogen.”
