EU plans ‘massive’ increase in green energy to help end reliance on Russia

European Commission says extra €210bn needed over next five years to pay for phasing out of Russian fossil fuels

The EU plans a “massive” increase in solar and wind power, and a short-term boost for coal, to rid itself of its reliance on Russian oil and gas as fast as possible.

In a plan outlined on Wednesday, the European Commission said the EU needed to find an extra €210bn (£178bn) over the next five years to pay for phasing out Russian fossil fuels and speeding up the switch to green energy.

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(SOURCE) https://www.theguardian.com/environment/2022/may/18/eu-plans-massive-increase-in-green-energy-to-rid-itself-of-reliance-on-russia

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