BAKU, Azerbaijan, Sept.17
By Leman Zeynalova – Trend:
A well-functioning and well-integrated EU electricity market, continued investment in renewable energy and improvements in energy efficiency are key to keeping energy prices as affordable as possible for all consumers, a Commission spokesperson told Trend.
The Commission representative said the organization is committed to a just transition under the European Green Deal.
“A new Social Climate Fund has been proposed to provide over €70 billion to support investments in energy efficiency, renovation of buildings, clean transport and support with energy bills. This Fund, in addition to the funds already committed under the Recovery and Resilience Facility, should in turn help consumers become more resilient to high energy prices,” noted the spokesperson.
Earlier, European Commission Executive Vice-President for the European Green Deal · Frans Timmermans said in the European Parliament Plenary on September 14 that had Europe had the Green Deal 5 years earlier, it would not be in this position, because then it would have less dependency on fossil fuels and on natural gas.
“We have seen along [throughout] this energy price crisis that the prices for renewables have stayed low and stable. So instead of being paralyzed or slowing things down because of the price hike now in the energy sector, we should speed things up in the transition to renewable energy so that affordable renewable energy becomes available for everyone.”
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