Total €811 billion expenditure includes planned clean energy spending of €299 billion as part of European Green Deal and additional investment of €512 billion - Anadolu Ajansı
The European Union (EU) can replace Russian gas with green technologies by 2028 with a total capital expenditure of €811 billion ($890 billion), according to a new report on Tuesday from the Oxford Sustainable Finance Group, a part of the Smith School of Enterprise and the Environment at the University of Oxford. The report, The Race to Replace: The Economics of Using Renewables to Free Europe from Russian Gas, calculates the cost of fully replacing Russian gas for heating and electricity
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