International Energy Agency’s 10 point plan to reduce the EU’s reliance on Russian natural gas.

As the nations that make up the International Energy Agency this week dipped into their respective crude oil reserves to collectively release 60 million barrels of oil in an effort to calm energy markets, the body also published a 10-point plan to reduce the EU’s reliance on Russian natural gas.

The ten points:

1. No new gas supply contracts with Russia.
2. Replace Russian supplies with gas from alternative sources
3. Introduce minimum gas storage obligations
4. Accelerate the deployment of new wind and solar projects
5. Maximize power generation from bioenergy and nuclear
6. Enact short-term tax measures on windfall profits to shelter vulnerable electricity consumers from high prices
7. Speed up the replacement of gas boilers with heat pumps
8. Accelerate energy efficiency improvements in buildings and industry
9. Encourage a temporary thermostat reduction of 1 °C by consumers
10. Step up efforts to diversify and decarbonize sources of power system flexibility

Last year, the IEA declared that investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control.