The future of the European Commission’s REPowerEU plan has been called into question amid growing rumours that EU member states are considering scrapping the plan.
Announced in May this year (2022), the European Commission set the goal of boosting Europe’s renewables usage to 45% of the energy mix by 2030, as well as setting targets to produce 10 million tonnes of renewable hydrogen domestically by the same deadline.
It has been reported in the European media that EU member states are proposing the plan be scrapped, reducing to 45% renewable target with 40%, a target that had already been agreed by the European Parliament in June (2022).
The plan came off the back of increasing geopolitical and energy market concerns following Russia’s invasion of Ukraine in February (2022), setting out to cut dependence on Russian fossil fuels, while meeting ambitious climate targets.
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