The world is facing an energy crisis, aggravated by Russia’s invasion of Ukraine in February 2022, and a deepening climate emergency.
The EU external energy engagement in a changing world presented on 18 May 2022 as part of the REPowerEU Plan, explains how the EU supports a global, clean and just energy transition to ensure sustainable, secure and affordable energy. The strategy is
- aiming to reduce overall energy demand and ensuring fair competition for resources
- boosting energy savings, energy efficiency and the development of renewables
- supporting Ukraine to build back better
- preparing for further EU energy market integration
- repairing energy infrastructure
- paving the way for a future green hydrogen partnership
Early April 2022, the EU Energy Platform was established to secure the EU's energy supply in the current geopolitical context and to phase out dependency on Russian gas. It is a voluntary coordination mechanism, supporting the EU’s purchase of gas and hydrogen. The EU will also keep working with other international fora to ensure well-functioning global energy markets.