The European Commission will propose a 565 billion euro plan to digitalize the EU’s energy system. Thus, Europe plans to end its energy dependence on Russia by the end of the decade, Bloomberg notes.
The Energy System Digitization Action Plan, which will be unveiled by the European Commission next week, will require €565 billion in infrastructure investment by the end of the decade to implement environmental plans and end dependence on Russian fossil fuels.
The aim of the initiative, emphasizes Bloomberg, is to increase the flexibility of European energy markets. In addition, solar panels and electric vehicles will return energy to the grid. To do this, by 2030 it is planned to create up to 30 million of these vehicles with zero emissions.