POLICY

EU's big budget energy plan to slash Russian fossil fuels may miss cost estimate

THE EU's new energy plan, REPowerEU, that seeks to reduce its dependency on Russian fossil fuels and accelerate the transition away from carbon intensive energy sources has kept energy media abuzz on the continent.

Tim Daiss
EU's big budget energy plan to slash Russian fossil fuels may miss cost estimate

    However, the European Commission's cost estimate may still fall short, consultancy Rystad Energy said in a note Tuesday, adding that the plan will require at least €1 trillion in investment to...

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