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.