26-April-2024
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EU lays plan to end by 2027 bloc's reliance on Russian oil and gas
19-May-2022

The European Union published plans on Wednesday to end its reliance on Russian gas, oil and coal by 2027, laying out measures to expand renewable energy faster, save more energy and hike imports of non-Russian fuels. Gas heat homes, produces electricity and powers factories across Europe. The EU is gradually weaning itself off the fossil fuels causing climate change, but for now Russia supplies 40 per cent of its gas and 27 per cent of its oil imports — a heavy dependency that the EU vowed to end after Moscow invaded Ukraine. To speed up the green shift, the European Commission proposed that 45 per cent of EU energy should be renewable by 2030, replacing its current 40 per cent proposal. The EU got 22 per cent of its gross final energy consumption from renewable sources like wind, solar and biomass in 2020.

News Source:- https://www.business-standard.com/article/international/eu-lays-plan-to-end-by-2027-bloc-s-reliance-on-russian-oil-and-gas-122051900041_1.html