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Will REPowerEU accelerate the energy transition?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The European Commission's REPowerEU plan aims to rapidly reduce reliance on Russian energy imports, without derailing net zero ambitions. Renewable generation targets call for a 15% increase over the already ambitious Fit-for-55 plan. With hydrogen requiring an even bigger leap. Phasing out imports of Russian coal and oil is already within sight, but gas is a much more difficult proposition. Incremental LNG imports – near- and long-term – will play a much bigger role than piped gas alternatives. All of the targets laid out in the REPowerEU plan are a stretch. Member states must act quickly to implement the measures with targeted policies and funding. Doing so will put Europe in a better position to deliver against its net zero targets.
Table of contents
- Executive Summary
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Accelerating clean energy supplies (renewable power)
- Solar targets are difficult but achievable – explicit timelines on permitting are a step forward
- Wind – the spotlight on permitting and interconnection issues brings hopes targets can be met
- Energy Storage – the missing piece?
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Accelerating clean energy supplies (renewable gases)
- Hydrogen – unlocking sufficient demand by 2030 presents the biggest challenge
- Biomethane – an upgrade too far
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Diversifying energy supplies
- The EU Energy Platform will struggle to underpin material LNG volumes but will support hydrogen trade
- EU External Strategy
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Energy savings and energy efficiency
- Tougher targets – but, this time, it’s different
- Conclusion
Tables and charts
This report includes 3 images and tables including:
- EU-27 solar and wind generation capacity (2030)
- EU-27 Hydrogen supply and demand (2030)
- Additional gas supply to EU-27 from non-Russian sources (2030)
What's included
This report contains:
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