Open letter to the Commission prior to the REPowerEU-plan
In an open letter to Commission President Ursula von der Leyen, ahead of the publication of its REPowerEU energy plan, CEOs from across Europe and the economy, have outlined their support for the EU's aim to phase out dependence on Russian gas, oil and coal as a significant step towards stabilizing the present energy security and price crises.
At the core of the current energy security and price crises sits an overdependence on volatile, imported fossil gas, oil and coal. The EU must continue to chart a path towards the Paris Agreement’s 1.5°C target through ambition and action. Measures taken in response to the invasion of Ukraine must prioritise structural and just solutions that can deliver on the green and digital transition and respond to the level of emergency that we face. We would also like to stress the importance of ensuring an ambitious and effective “Fit for 55” package, that could both boost efforts to move away from fossil fuels and increase the competitiveness of European industry.
This is a period of huge momentum for the energy transition. The coming months will be a critical moment for business voices to show their support for accelerating the EU’s much needed energy transition, the ambitions of the Green Deal, and a coherent and ambitious Fit for 55 package to pave the way to a climate neutral economy.