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BTJ 5/22 - ECONOMY: No (future) regrets. Europe's bumpy road to reducing its oil consumption

by Ewa Kochańska

In the wake of the Russian aggression on Ukraine, something that had been quite obvious even for a casual observer long before the attack has become an undeniable truth - the European Union's energy independence is fundamental to its security and longevity.

With the December 2022 ban on 90% of oil imports from Russia swiftly approaching, Europe has to take aggressive steps to reduce its oil demand.

The Transport & Environment's (T&E) How Europe can cut a third of its oil demand by 2030 paper analyses the proposals included in RepowerEU, the European Commission's plan for energy independence from Russian fossil fuels, and the Fit for 55 (FF55) plan, EU's blueprint for a green transition.

Additionally, T&E offers short-, medium-, and long-term measures to speed up the change, cut the demand, and ensure that the current energy crisis does not turn into an energy catastrophe.

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