Implementation of REPowerEU plan needs "strong and coordinated boost" as capitals fail to use available financing, EU auditors report
Europe has fallen far short of the necessary investment in green energy the EU identified in a plan to wean the bloc of Russian fossil fuels, the EU budget watchdog has found.
That is the main message of a report from the European Court of Auditors, which published on Wedesnday its analysis of the REPowerEU plan whose first draft came out four years ago shortly after Russia’s full-scale invasion of Ukraine.
“Our main conclusion is that the implementation of the REPowerEU needs a strong and coordinated boost,” said Mihails Kozlovs, the auditor that led work on the report.
The hundreds of billions of euros that Brussels put on the table to implement the plan appear having been of little help to advance the bloc’s energy transition.
