Brussels Unveils Energy Package to Cushion Soaring Fuel Costs
The new measures aimed at protecting citizens and businesses come ahead of a key EU summit this week.
Welcome to the Brussels Edition. I’m John Ainger, Bloomberg climate and energy reporter, bringing you the latest from the EU. Make sure you’re signed up.
After its second full-blown energy crisis in just a few years, Europe is showing signs of fatigue.
Russia’s invasion of Ukraine in 2022 caused gas prices to surge to historic highs and crippled much of Europe’s industry. Just as that had started to fade into memory, the Iran war and the blockage of the Strait of Hormuz is showing once again how vulnerable the region is to anything that threatens its supplies of fossil fuels.