EU Must Speed Green Deal to Shut Out Russian Gas, CEOs Say
- Over 100 business leaders call for accelerating transition
- Tax cuts, income support measures could help, say executives
Next week the EU is set to launch its plan to slash the use of Russian gas by two-thirds this year.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
More than 100 companies from Microsoft Corp. to Unilever Plc want the European Union to intensify its focus on renewable energy as the bloc races to end its dependency on Russian fossil fuels.
“At the core of the current energy security and price crises sits an overdependence on volatile, imported fossil gas, oil and coal,” chief executives and other business leaders said in a letter to European Commission President Ursula von der Leyen. “This is the time to be bold and double down on delivering the Green Deal,” the EU’s push for carbon neutrality by mid-century.