European Union
RePowerEU plan COM(2022)230 and Save Energy Communication
The plan notably aims to 1) improve long-term energy efficiency measures, including an increase from 9% to 13% of the binding Energy Efficiency Target under the ‘Fit for 55' package, 2) diversify supplies, 3) scale up and speeding-up of renewable energy, and 4) reduce fossil fuel consumption in industry and transport.
The plan further quantifies the investments needed to meet the targets; for the Commission, an additional investment of €210 billion between now and 2027 is required.