Hi guys, Welcome to the Advanced Video Search Engine, and you are watching RePowerEU: Europe’s plan for breaking the dependency from Russian oil and gas. That video is uploaded by EU Debates | eudebates.tv at 2022-05-27T14:08:41-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [z0-JnodlNew]
| Name | RePowerEU: Europe’s plan for breaking the dependency from Russian oil and gas |
| Video Uploader | Video From EU Debates | eudebates.tv |
| Upload Date | This Video Uploaded At 27-05-2022 21:08:41 |
| Video Discription | The European Commission has presented its detailed REPowerEU Plan, its response to the hardships and global energy market disruption caused by Russia’s invasion of Ukraine noting a “double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels, which are used as an economic and political weapon and cost European taxpayers nearly €100 billion per year, and tackling the climate crisis.” #eudebates the unique initiative aiming to promote debate, dialogue, knowledge, participation and communication among citizens. #RepowerEU #Ukraine #VonderLeyen #EUROPE On March 8, 2022, the Commission proposed the outline of a plan to make Europe independent from Russian fossil fuels well before 2030, in light of Russia’s invasion of Ukraine. At the European Council on March 24-25, 2022, EU leaders agreed on this objective and asked the Commission to present the detailed REPowerEU Plan which was adopted on May 18, 2022. By acting as a Union, the Commission says, Europe can phase out its dependency on Russian fossil fuels faster saying that 85 percent of Europeans believe that the EU should reduce its dependency on Russian gas and oil as soon as possible to support Ukraine. The measures in the REPowerEU Plan aim to respond to this ambition, through energy savings, diversification of energy supplies, and accelerated roll-out of renewable energy to replace fossil fuels in homes, industry, and power generation. Recovery and Resilience Facility The Recovery and Resilience Facility (RRF) is at the heart of the REPowerEU Plan, supporting coordinated planning and financing of cross-border and national infrastructure as well as energy projects and reforms. The Commission proposes to make targeted amendments to the RRF Regulation to integrate dedicated REPowerEU chapters in Member States’ existing recovery and resilience plans (RRPs), in addition to the large number of relevant reforms and investments which are already in the RRPs. The country-specific recommendations in the 2022 European Semester cycle will feed into this process. Saving energy now Energy savings are the quickest and cheapest way to address the current energy crisis and reduce bills. The Commission proposes to enhance long-term energy efficiency measures, including an increase from 9 percent to 13 percent of the binding Energy Efficiency Target under the ‘Fit for 55′ package of European Green Deal legislation. The Commission also published today an ‘EU Save Energy Communication’ detailing short-term behavioral changes which could cut gas and oil demand by 5 percent and encourage the Member States to start specific communication campaigns targeting households and industry. Member States are also encouraged to use fiscal measures to encourage energy savings, such as reduced VAT rates on energy-efficient heating systems, building insulation, and appliances and products. The Commission also sets out contingency measures in case of severe supply disruption and will issue guidance on prioritization criteria for customers and facilitate a coordinated EU demand reduction plan. Diversifying supplies and supporting international partners The EU has been working with international partners to diversify supplies for several months and has secured record levels of liquefied natural gas (LNG) imports and higher pipeline gas deliveries. The newly created EU Energy Platform, supported by regional task forces, will enable voluntary common purchases of gas, LNG, and hydrogen by pooling demand, optimizing infrastructure use, and coordinating outreach to suppliers. As a next step, and replicating the ambition of the common vaccine purchasing program, the Commission will consider the development of a ‘joint purchasing mechanism’ which will negotiate and contract gas purchases on behalf of participating Member States. The Commission will also consider legislative measures to require diversification of gas supply over time by Member States. The Platform will also enable joint purchasing of renewable hydrogen. The EU External Energy Strategy adopted today will facilitate energy diversification and build long-term partnerships with suppliers, including cooperation on hydrogen or other green technologies. In line with the Global Gateway, the Strategy prioritizes the EU’s commitment to the global green and just energy transition, increasing energy savings and efficiency to reduce the pressure on prices, boosting the development of renewables and hydrogen, and stepping up energy diplomacy. z0-JnodlNew |
| Category | News & Politics |
| Tags | eudebates | REPowerEU | defence investment gaps | relief and reconstruction | Ukraine | energy leaders | energy security | Europe | Ukraine war | gas storage | joint action | EU summit | SUMMIT | GAS | storage capacities | supply | stock | PRICES | GAS PRICE | LNG | Justice | coal | gas | NATO | Russia’s invasion | reconstruction and recovery | Ukraine’s needs | Yellen | European Commission | European Commission President | Ursula von der Leyen | Russia | President Von der Leyen | loans | President von der Leyen |
