REPowerEU

REPowerEU is a European Commission proposal to end reliance on Russian fossil fuels before 2030 in response to the 2022 Russian invasion of Ukraine.[1]

REPowerEU is defining the need and supply of energy consumption in the European region, focusing on sustainable development and green energy production, also reducing the reliance of the region on other states, which can help in improving balance of payment (B.O.P) of European Union as well. This programme is making energy products cheaper for the community to be prosperous as high cost of energy leads towards poverty[2] Moreover, ensuring security of the energy resources, as during the war between Russia & Ukraine, Russia tried to use fossil fuels as a weapon to divide the region but with the help of this "REPowerEU" initiative European Union trying to create harmony among the Member States, so the Member States are more united than ever before. Moreover, to diversify the energy supplies to reduce the monopoly of a single largest supplier to overcome the geopolitical situation as in 2021of total gas consumption in Member States, Russia supplied 45% of it,[3] which gave them position to use it as a weapon against the European Union.

  1. ^ McGrath, Matt (8 March 2022). "Climate change: EU unveils plan to end reliance on Russian gas". BBC News.
  2. ^ V, Dinu. Dinu, V. (2023). Clean, Diversified, and Affordable Energy for the European Union in the Context of the REPowerEU Plan. Amfiteatru Economic Journal, 25(64), 654-658. https://www.econstor.eu/bitstream/10419/281724/1/Article_3223.pdf. {{cite web}}: Missing or empty |title= (help)
  3. ^ "REPowerEU". commission.europa.eu. 18 May 2022.

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