The European Commission plans to unveil its Clean Industrial Deal, intended to significantly reduce fossil fuel import costs by 2025. Key measures include expediting permits for renewable projects, revising energy tariffs, and boosting subsidies for green energy. EU energy commissioner Dan Jorgensen emphasized the need to advance renewable efforts, especially amid changes in US energy policy. The initiative targets 40% of renewable technology production within the EU while shifting regulatory burdens to larger polluters. An analysis suggests potential savings of 45 billion euros initially, rising to 130 billion by 2030, by reducing dependence on external fuels.
"The fact that the US is now moving away from the green agenda... does not mean that we would do the same. The opposite. It means that we need to step forward," said EU energy commissioner Dan Jorgensen.
"They (renewable energy projects) also entail a lot of investments, that goes without saying. But we have to remember that it's also expensive not to do anything," Jorgensen said in an interview with Reuters.
"So we save money by not buying fuel from outside," he said. "Those savings should rise to 130 billion annually by 2030."
#eu-energy-policy #renewable-energy #clean-industrial-deal #fossil-fuel-imports #sustainability-regulations
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