- On 2022-09-01
- In News
Tariff shields and turning off lights: how Europe is tackling the energy crisis
The scale of the crisis in several European countries, and what governments are doing about it
Governments across Europe are scrambling to cushion citizens from soaring energy prices and have so far allocated a total of about €280bn (£240bn) to helping reduce the impact of the crisis, according to the thinktank Bruegel.
Pressure is mounting for joint action beyond a voluntary 15% cut in consumption agreed in July, and the EU will hold an emergency summit on 9 September to discuss measures including a bloc-wide price cap.