EU energy roadmap to cut reliance on Russian gas by two-third in a year

he plan envisages ending reliance on all Russian fossil fuels 'well before' 2030

European Union
European Union
IANS New Delhi
2 min read Last Updated : Mar 08 2022 | 11:25 PM IST

The European Commission has outlined a new energy roadmap designed to cut reliance on Russian gas by two-third in just a year, BBC reported.

The plan envisages ending reliance on all Russian fossil fuels "well before" 2030.

In the short term, gas should be sourced from the US and Africa while some countries may need to use more coal in the months ahead.

The EU also proposes a massive ramping up of renewables, biogas and hydrogen.

While carbon emissions may rise in the short-term, the longer-term aim is a speedier transition to sustainable sources, BBC reported.

Russia's invasion of Ukraine has brought a new focus on Europe's reliance on the country for oil and gas. The EU gets roughly 40 per cent of its gas from Russia. According to figures from research group Transport & Environment, this dependence amounts to around $118 million a day.

But moving with a speed few thought possible, the EU has now laid out a strategy that could cut reliance on this fuel source by two-third within a year, BBC reported.

The plan aims to make Europe independent of Russian fossil fuels by 2030, but the initial efforts focus solely on gas.

The roadmap essentially proposes finding alternative supplies of gas in the next few months and boosting energy efficiency while doubling down on greener sources of power in the medium to longer term.

--IANS

san/arm

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :European UnionRussiaRussia Ukraine ConflictgasBiogashydrogen fuel

First Published: Mar 08 2022 | 11:25 PM IST

Next Story