EU Energy Commissioner Dan Jorgensen has indicated that savings of €2.5 trillion in fossil fuel imports could be achieved by 2040.

However, he emphasized that this would be possible if “the EU manages to deploy renewable energy more rapidly, a main objective of its action plan to guarantee affordable energy for European consumers.”

Jorgensen addressed the issue on Thursday, March 13, before the European Parliament plenary session in Strasbourg, France. In his speech, he detailed the roadmap presented by the EU Executive on February 26th, with the aim of “lowering energy bills for both households and businesses.”

According to the proposal, tax reductions have proven effective in containing energy bills “during the energy crisis, when Member States implemented reductions in VAT and energy taxes.“

With Brussels’ strategy to lower energy costs for consumers and businesses, in addition to encouraging investment in clean energy through various initiatives, savings of €2.5 trillion can be achieved.

The Commissioner emphasized the need to deploy “our renewable energies, becoming more energy efficient, better controlling gas markets, enforcing existing legislation, and interconnecting our energy systems much better than today.”

M.Pino

Source: elperiodicodelaenergia

(Reference image: Chris LeBoutillier on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Brussels forecasts millions in savings in the energy sector by 2040 apareció primero en Bitfinance.