Four years after the European Union launched a plan to break its dependence on Russian oil and gas and accelerate the clean energy transition, an audit presented by the European Court of Auditors (ECA) on Wednesday said the bloc’s plan is falling well short of its ambitions.
Russian oil imports have plunged following EU sanctions and gas imports have declined, the ECA auditors noted, but they urge caution against attributing all of that progress to REPowerEU, the plan launched by the European Commission in 2022 to achieve energy sovereignty and end all dependence on Moscow.
“In our view, other factors also contributed to lower gas consumption…
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