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'Sooner or later' member states will have to decide on a new EU wide financing tool 'as we have done with Covid,' commissioner Frans Timmermans said (Photo: European Parliament)

Commission grilled on RePowerEU €210bn pricetag

After months of frantic plan-making, EU leaders on Wednesday (18 May) unveiled a strategy aiming to cut Russian gas out of the European energy equation before 2027 and by two-thirds before the end of the year.

One of the many consequences of Russia's "criminal" invasion of Ukraine, European Commission executive vice-president Frans Timmermans told press, is a "massive disruption" to the European and global energy markets.

"On top of Covid, on top of the climate and biodiversity...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

'Sooner or later' member states will have to decide on a new EU wide financing tool 'as we have done with Covid,' commissioner Frans Timmermans said (Photo: European Parliament)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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