The Commission is proposing an emergency intervention in Europe’s energy markets to tackle recent dramatic price rises. The EU is confronted with the effects of a severe mismatch between energy demand and supply, due largely to the continued weaponisation by Russia of its energy resources. To ease the increased pressure this puts on European households […]
Russia’s invasion of Ukraine is aggravating the global food crisis
What is causing the food crisis? Russia’s war in Ukraine is driving food prices up to an all-time high. Global agricultural commodity prices have been constantly rising since mid-2020 against the backdrop of the recovery from the COVID-19 pandemic, soaring fertiliser and energy prices and a global deterioration of macroeconomic conditions. Russia’s military aggression against […]
MEPs want more effective measures to respond to rising prices
MEPs urged the EU to better counteract Russia’s energy dependence and quickly secure cleaner and more affordable energy for all. In the wake of the Russian invasion of Ukraine and the resulting rise in energy prices, MEPs in a plenary debate on March 24 put questions to the Council and the Commission on the Union’s […]
Options to mitigate high energy prices
Following up rapidly on the REPowerEU Communication and the Versailles Declaration, the Commission has set out ideas last 23rd March, for collective European action to address the root causes of the problem in the gas market and ensure security of supply at reasonable prices for next winter and beyond. Leaders will continue the discussion on […]
REPowerEU: Joint European action for more affordable, secure and sustainable energy
The European Commission has today proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in light of Russia’s invasion of Ukraine. This plan also outlines a series of measures to respond to rising energy prices in Europe and to replenish gas stocks for next winter. Europe has been facing increased energy […]
Evolution of electriciy prices
The price of electricity continues to rise in Europe. The cause of this phenomenon stems from several supply and demand factors, one of the most important of which is the shortage of natural gas and the sudden reactivation of demand, linked to a reduced supply of CO2 emission allowances. Commission President Ursula von der Leyen […]