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[BUSINESS] · EU, Russia · 9 sources

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European Union REPowerEU energy plan faces criticism from auditors

The European Court of Auditors has issued a report criticizing the REPowerEU plan, stating that the initiative to reduce the European Union's dependence on Russian fossil fuels has stalled four years after its launch.

While EU imports of Russian natural gas fell significantly from 152 billion cubic meters in 2021 to 36 billion cubic meters last year, auditors note this decline was largely driven by mild winters and high energy prices rather than the REPowerEU program itself. The report highlights that member states have allocated only 54.3 billion euros of the 300 billion euros available through the recovery fund for these purposes.

Furthermore, the auditors described the contribution of the program toward the goal of adding 103 gigawatts of renewable capacity by 2030 as negligible. The report also identifies critical deficiencies in governance, a lack of effective coordination across member states, and insufficient investment in cross-border energy infrastructure and grid connections. These shortcomings leave the EU vulnerable to future energy market shocks as it prepares for upcoming bans on Russian liquefied natural gas imports scheduled for 2027.

Entities

European Court of Auditors · European Union · Mihails Kozlovs · REPowerEU · Russia · Ursula von der Leyen

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