The European Union has spent more than $700 billion on shielding households and businesses from the worst of the energy crunch.
From the EU’s perspective, green subsidies are the only way to move the energy transition forward.The European Union is spending too much subsidizing fossil fuels. This appears to be the opinion of some of the largest industrialists in the bloc. But it’s not direct subsidies that these industrialists are talking about. It’s the energy aid governments doled out to households and businesses in response to the crisis. And this aid, according to business leaders, needs to change.
Now, corporate leaders appear to be calling for a further step in the same direction: reducing demand for fossil fuels. The eagerness with which these business leaders are calling for acceleration to net zero might appear to be a little odd. Businesses in the European Union have suffered soaring energy costs because of the crunch along with soaring carbon permit prices, which have affected their competitiveness, according to the business world itself.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Fernando Alonso's wind tunnel prediction that will worry Mercedes and FerrariFernando Alonso is expecting Aston Martin to be challenging for podiums all season long based on his post-race quotes in Bahrain. BahrainGP F1
Lire la suite »
UK risks wasting huge wind power opportunity, energy boss warns\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Lire la suite »
UK risks wasting huge wind power opportunity, energy boss warns\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Lire la suite »
What the rest of Europe makes of Rashford: 'He was a ghost - now he's elite'Marcus Rashford is in the form of his life. He's been described as 'the best player in the world.' But is that British over-exuberance?
Lire la suite »
Starbucks plans to open 100 new UK sites in Europe expansionThe company reveals an investment in its UK operations in a move that will be seen as a firm commitment to its largest European market.
Lire la suite »
The Dark Side Of Europe’s Green Energy Transition | OilPrice.comWhile these projects can bring economic benefits to the region, they also pose significant environmental and social risks such as land conflicts, ecosystem degradation, and unequal distribution of benefits and costs.
Lire la suite »