section_path: Economy/Energy
section_name: Energy
paragraph_text: Energy
  
  Total energy supply (2019)
  
  The total energy supply of the EU was 59 billion GJ in 2019, about 10.2 per cent of the world total. Approximately three fifths of the energy available in the EU came from imports (mostly of fossil fuels). Renewable energy contributed 18.1 per cent of the EU's total energy supply in 2019, and 11.1 per cent of the final energy consumption.
  
  The EU has had legislative power in the area of energy policy for most of its existence; this has its roots in the original European Coal and Steel Community. The introduction of a mandatory and comprehensive European energy policy was approved at the meeting of the European Council in October 2005, and the first draft policy was published in January 2007.
  
  The EU has five key points in its energy policy: increase competition in the internal market, encourage investment and boost interconnections between electricity grids; diversify energy resources with better systems to respond to a crisis; establish a new treaty framework for energy co-operation with Russia while improving relations with energy-rich states in Central Asia and North Africa; use existing energy supplies more efficiently while increasing renewable energy commercialisation; and finally increase funding for new energy technologies.
  
  In 2007, EU countries as a whole imported 82 per cent of their oil, 57 per cent of their natural gas and 97.48 per cent of their uranium demands. The three largest suppliers of natural gas to the European Union are Russia, Norway and Algeria, that amounted for about three quarters of the imports in 2019. There is a strong dependence on Russian energy that the EU has been attempting to reduce. However, in May 2022, it was reported that the European Union is preparing another sanction against Russia over its invasion of Ukraine. It is expected to target Russian oil, Russian and Belarusian banks, as well as individuals and companies. According to an article by Reuters, two diplomats stated that the European Union may impose a ban on imports of Russian oil by the end of 2022. In May 2022, the European Commission published the 'RePowerEU' initiative, a €300 billion plan outlining the path towards the end of EU dependence on Russian fossil fuels by 2030 and the acceleration on the clean energy transition.