Oireachtas Joint and Select Committees
Thursday, 2 June 2022
Joint Oireachtas Committee on Climate Action
Engagement with the EU Commissioner for Energy
Ms Kadri Simson:
Yes but with our REPowerEU plan, we indicated that investment needed to create alternative interconnectors necessary for fossil fuel imports is worth €2 billion. We also indicated that we need additional investment into the electricity grid so that we can replace a large share of fossil fuels with renewables. It is worth €28 billion. We will prioritise renewables and the total value of REPowerEU is more than €200 billion, so only 1% will be dedicated to fossil fuel infrastructure.
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