Ursula von der Leyen presented the main pillars of the EU's plan for decoupling from Russian fuels by 2027, stressing that €300 billion would be needed. The ambitious €300 billion plan presented by Commission President Ursula von der Leyen is based on three pillars: The import of more non-Russian gas, faster development of renewable energy sources and a greater effort to save energy in public buildings, businesses and households. Of that €300 billion, about 10 will fund gas and liquefied natural gas (LNG) infrastructure to stop imports from Russia. The rest will be used to finance accelerating the transition to clean energy.
Putin's war is disrupting the global energy market, said Commission President Ursula von der Leyen.
She noted that saving energy is the fastest and cheapest way to tackle the current energy crisis.
"We will therefore increase the EU's energy efficiency target for 2030 from 9% to 13%. And we are increasing the 2030 target for EU renewable energy from 40% to 45%," stressed Ursula von der Leyen.
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