In July last year, EU commissioners set out a range of green policies to put the continent on a path to becoming climate neutral by 2050. “The fossil fuel economy has reached its limits,” said Ursula von der Leyen, the commission president.
Little more than a year later, those commissioners are now overseeing tens of billions of euros of spending on fossil fuel infrastructure and supplies, amid severe cuts to gas supplies from Russia and record high prices.
Data analysed by the energy think-tank Ember Climate for the Financial Times suggest that European governments will spend at least €50bn this winter on new and expanded fossil fuel infrastructure and supplies, including gas shipped in from overseas and coal to fuel previously mothballed power plants.