The International Energy Agency (IEA) and the European Commission (EC) have reportedly teamed up to help EU nations reduce their dependence on Russia-sourced fossil fuels.
By reinforcing investments in energy efficiency and clean energy initiatives, the project intends to curb the impact of the Russia-Ukraine conflict on the EU energy sector.
Under this common venture, the Commission is supporting the Member States to curb their reliance on Russia-sourced fossil fuels via the Technical Support Instrument. Seventeen EU nations have already joined the initiative.
This backing aligns with the Commission’s REPowerEU Plan which has outlined plans to expedite the transition to clean energy and in turn reduce EU reliance on Russian fuels.
The collaboration with IEA will encompass the following seven areas:
- Biomethane production
- Diversification and supply of liquefied natural gas
- Stepping up global hydrogen trade
- Expediting the roll-out of rooftop solar and heat pumps
- Demand-side energy efficiency and measures
- Rapid sanctioning of renewable projects
- Innovative renewables and hydrogen solutions for the industry
It will comprise meetings, analysis, workshops, and data tracking by the IEA.
The first workshop, which was conducted on May 24th, focused on backing the uptake of energy efficiency and demand-side measures. Representatives of the Commission, Member States taking part in the project, IEA, and industry stakeholders attended the workshop.
Director-General for Structural Reform Support Mario Nava cited that it is crucial to mobilize all possible means to meet the target of reducing its energy dependence on third-party fossil fuels.
Nava added that the Member States can depend on the Commission’s assistance through the instrument of Technical Support and knowledgeable partners like the IEA will facilitate the achievement of that crucial goal.
Since Russia invaded Ukraine, the IEA and the European Commission have maintained closed communication surrounding energy security and the energy market unrest.
On March 21st, the Commission called on the Member States to express their inclination toward receiving technical support.