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Capital Flows
May 9, 2023

EU could replace Russian gas imports with green energy by 2028, Oxford study finds

By Claudia De Meulemeester

Heat pump installation
The Oxford report recommends that public subsidies should be provided to households for the installation of heat pumps (Photo: Duallogic/Envato)

A new report is urging the EU to shift its focus from substituting Russian gas imports to expanding and capitalising on policy measures that target the production of clean energy. Additional investments of €512bn in heat pumps and renewables could see Europe end its dependence on Russian gas by 2028, ...

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