EU Summit: EU wants to reduce energy costs with new measures
The EU has paid an additional 100 billion euros for energy imports since the start of the Iran war. Chancellor Merz and his EU colleagues want more joint action against the high prices.
EU leaders have called on the European Commission to develop new measures to lower energy costs amid a price crisis. In a joint statement following a meeting in Brussels, they urged the Commission to come up with targeted and temporary measures to address the situation. The EU leaders welcomed the Commission's proposal to relax certain climate protection rules for methane and planned initiatives to voluntarily bundle energy demand to lower prices.
They also want the emissions trading system to become more reliable and predictable, and are pushing for faster progress on a market stability reserve to prevent strong price fluctuations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
