Diversifying the EU's Energy Mix

The Commission’s REPowerEU Plan adopted in May 2022 sets out two primary objectives: (1) to end the EU’s dependence on Russian fossil fuels; and (2) to fast forward the green transition.[1]
This is to be achieved by a combination of: (1) energy savings; (2) the diversification of energy supplies; and (3) the accelerated roll-out of renewable energy[2]. The REPowerEU Plan provides for long-term measures to promote massive investments in renewable energy production and enhance long-term energy efficiency. It also it provides for short-term measures to encourage energy savings and contingency measures in case of severe supply disruption. Short-term actions include Member States efforts to modernise nuclear power plants, and delaying closure of coal plants.
[1] See Commission’s Press release, REPowerEU: A plan to rapidly reduce dependence on Russian fossil fuels and fast forward the green transition, May 18, 2022, available here.
[2] See Communication from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committee and the Committee of the Regions, May 18, 2022, REPowerEU Plan, COM/2022/230 final, available here.
- The Cleary Gottlieb EU Energy Disruption Resource Center
- Restrictions / Redistribution of Extraordinary Profits on EU Energy Companies Arising From the Energy Disruption
- State Aid to Industry
- Managing and Ensuring Security of EU Gas Supplies
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Diversifying the EU's Energy Mix
Diversifying the EU's Energy Mix
- Long-term Intervention: Investments in Renewable Sources
- Short-term Intervention: Reducing/Capping Gas Consumption
- Short-term and Long-term Intervention: Coal-fired and Nuclear Power Plant Revamp
- Fast-track Permit-granting Process for Renewable Energy Projects
- Investor-state Arbitration in the Energy Sector Likely as Green Transition Accelerates
- Mechanisms to Lower the Prices of Gas