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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