The European Commission’s REPowerEU Plan, published on 18 May, aims to rapidly phase out the European Union’s dependence on Russian fossil fuels and accelerate the bloc’s green transition. The strategy, which promises to mobilise some €300bn in EU funds, follows growing calls from member states to help Ukraine by reducing oil and gas imports from Russia. However, reducing Europe’s estimated €100bn annual imports of Russian fossil fuels has proved controversial, especially in countries like Germany and Hungary which rely heavily on them and fear it will damage their economies and increase the cost of living.
This Dods EU Political Intelligence report provides an outline of the REPowerEU Plan and a compilation of initial political and stakeholder reactions to the proposed measures.