The European Commission has launched a strategy to protect people in the EU from “fossil-fuel price shocks” and accelerate the expansion of “homegrown clean energy”.
The strategy notes that the latest fossil-fuel crisis, triggered by the Iran war, has already cost the EU an additional €24bn for imports of oil and gas.
Carbon Brief has identified 44 specific actions in the AccelerateEU package, ranging from an “ambitious” new electrification target through to filling up the bloc’s depleted gas storage. (See the interactive table below.)
The proposals are meant to ensure the EU has enough fuel in the short term, to protect consumers from price rises and – in the longer term – to curb reliance on oil and gas.
Many EU nations are already spending billions to provide immediate relief to their citizens amid the energy crisis, which was sparked by the US-Israeli attack on Iran in February.
