EU Looks to Cut Reliance on Russian Gas with New Investment in Heat PumpsRussia’s ongoing invasion of Ukraine
Russia’s ongoing invasion of Ukraine has brought instability, violence, and human tragedy on a massive scale, with effects rippling across the continent and globally. Beyond the immediate security impacts and the devastating toll on human welfare, the crisis has also shaken up the energy sector. One-fourth of Europe’s energy comes from natural gas, nearly 40 percent of which is imported from Russia.
, the executive branch of the European Union unveiled a plan to slash the EU’s dependence on Russian gas.is the increased deployment of electric heat pumps to displace fossil gas demand for heating in Europe. With this new plan, the EU will target programs and policies to accelerate the installation of clean, efficient heat pumps to the tune of 10 million new heat pump installations in the next five years.
, RMI and its partners aim to carry forward ambitions such as the EU’s new heat pump targets and expand them, both in the EU and worldwide.The European Commission’s REPowerEU plan is an ambitious roadmap containing diverse actions to reduce Russian fossil fuel dependency by two-thirds in this year alone, underpinned by a goal of mitigating near-term price shocks threatening European families and businesses.
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