According to the European Commission, achieving the goals of the Green Deal and REPowerEU will necessitate these investments, primarily sourced from private funding and Member States’ budgets

They reaffirmed their commitment to reduce emissions by at least 55% by 2030 and achieve domestic climate neutrality by 2050

The share of energy consumed from renewable sources reached 22%, official data shows

The EU funding will finance projects that enhance security of energy supply and contribute to the reduction of carbon emissions