Brussels unveils REPowerEU plans for a rapid shift from Russian fuels

Published 12:29 on May 18, 2022  /  Last updated at 18:21 on May 19, 2022  /  EMEA, EU ETS  /  No Comments

The European Commission set out its full REPowerEU plan on Wednesday that included multiple proposals designed to accelerate the EU's withdrawal from using Russian fossil fuels and outlined an intention to raise €20 billion for the package via the sale of allowances from the Market Stability Reserve (MSR).

(Updates with added detail on heightened Innovation Fund disbursals)

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