![]() ![]() ![]() ![]() It was designed to help "rapidly reduce dependence on Russian fossil fuel by fast-forwarding the clean transition and joining forces to achieve a more resilient energy system and a true Energy Union." The REPowerEU Plan was unveiled in May following the Russian invasion of Ukraine. Included in the plan are recommendations surrounding cryptocurrency mining, with the Commission suggesting that crypto mining activities should be haled in instances where "there is a need for load shedding in the electricity systems." The action plan aims to "help improve the efficient use of energy resources, facilitate the integration of renewables into the grid, and save costs for EU consumers and energy companies." (Kitco News) - The European Commission has released an action plan for digitalizing the EU's energy system as laid out in the European Green Deal and the REPowerEU Plan. ![]() Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. ![]()
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