REPowerEU Plan to reduce Russian dependency
The European Commission is working on their REPowerEU plan, an ambitious roadmap to reduce Russian fossil fuel dependency by two-thirds in this year to attempt to stop the price shocks that are threatening European families and businesses. In the next few years the plan seeks to eliminate dependence on Russian fossil fuels entirely well before 2030. The REPowerEU plan’s target is to install 10 million heat pumps over the next five years is a really modest but achievable, looking at the increase over recent sales trends. In 2020, approximately 1.8 million EU households purchased a heat pump and are set to install many more in 2022.
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