To respond to the surge in fuel prices, the European Commission has issued advice on energy savings while awaiting coordinated measures as during Covid and the invasion of Ukraine.
The first month of the war in Iran has already cost Europeans 14 billion euros more on the bill for hydrocarbon imports, according to the European Commission. And this is probably just the beginning. “We must have no illusions: the consequences of this crisis will not be short-lived, European Energy Commissioner Dan Jorgensen warned on Tuesday. No one knows how long the crisis will last. But it will not be brief. » Even if the fighting stopped now, the damage to oil and gas infrastructure will have lasting repercussions.
In the corridors of the Commission, we are starting to prepare to have to face an economic impact of the same magnitude as the Covid crisis and the energy shock caused by Russia’s invasion of Ukraine in 2022. According to the executive director of the International Energy Agency (IEA), Fatih Birol, the consequences will be the same “pears” that eyebrows, accumulated…
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