Is REPowerEU able to accelerate transition to renewable energies and improve energy security?

Summary

REPowerEU is a plan for saving energy, producing clean energy and diversifying the European energy supplies. It is backed by financial and legal measures to build the new energy infrastructure and system that Europe needs. The EU climate ambition - both short and long term - is not put into question in the package. Speeding up the permitting process for renewable energy projects is one promising practical step. However, the package seems to result in increasing micromanagement of the EU energy and climate policy policy. RePowerEU provides opportunities to ramp up clean energy projects and provides additional financing and thus speeds up green energy transition. All this however requires that REPower EU together with other legislative proposals will be finalized promptly and with a market driven and technology neutral approach. The Commission has proposed also some innovative instruments like auctioning allowances from the market stability reserve.