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Ursula von der Leyen said,European Commission PresidentOn Wednesday, the European Union plans to mobilize investments of up to 300 billion euros by 2030, to end its dependence on Russian oil and gas.
The European official explained that the investments will include ten billion euros for gas infrastructure, and two billion euros for oil, and the rest of the investments will be allocated to clean energy, noting that Brussels also presents larger legally binding goals for renewable energy and rationalization of energy consumption by 2030.
Archyde.com quoted Der Line as saying that the initiative to reconsider the energy sector in the European Union (Re-Power-EU) "It will help us to rationalize more energy to accelerate the de-fossil fuels and most importantly start investments on a new scale… So I will say that this will give a boost to accelerating the pace" The Union’s shift towards environmentally friendly energy known as the European Green Agreement.
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Ursula von der Leyen said,European Commission PresidentOn Wednesday, the European Union plans to mobilize investments of up to 300 billion euros by 2030, to end its dependence on Russian oil and gas.
The European official explained that the investments will include ten billion euros for gas infrastructure, and two billion euros for oil, and the rest of the investments will be allocated to clean energy, noting that Brussels also presents larger legally binding goals for renewable energy and rationalization of energy consumption by 2030.
Archyde.com quoted Der Leyen as saying that the initiative to reconsider the energy sector in the European Union (Re-Power-EU) “will help us rationalize more energy to accelerate the pace of de-fossil fuels and, most importantly, start investments on a new scale … Therefore I will say that This will give impetus to accelerating the pace” of the Union’s shift towards environmentally friendly energy known as the European Green Agreement.