The geopolitical imbalances caused by the war in Ukraine and the volatility of energy prices are pushing Europe to significantly rethink its energy strategies.
The gas crisis has forced an acceleration of investments in renewable energy, a path that the EU has undertaken with various strategies: from the Green Deal to the Fit for 55 package, which sets ambitious goals for green energy, to REPowerEU, the plan with which Brussels aims to become independent from Russian supplies, and the Net Zero Industry Act, the plan that aims to increase European production of strategic green technologies, from photovoltaics to wind power, including batteries and heat pumps.
This commitment is also reflected in the investments planned by Brussels for research and innovation under the Horizon Europe program. The program invested 3 billion in climate, energy, and mobility research in the 2021-22 biennium and is doing the same for 2023 and 2024.
