https://sputnikglobe.com/20230926/eus-competitiveness-suffering-from-higher-energy-prices---european-commission-president-1113683984.html
EU’s Competitiveness Suffering From Higher Energy Prices - European Commission President
EU’s Competitiveness Suffering From Higher Energy Prices - European Commission President
Sputnik International
The European Union spends more on energy than other major economies, posing a challenge to the bloc's competitiveness, European Commission President Ursula von der Leyen stated on Tuesday.
2023-09-26T12:01+0000
2023-09-26T12:01+0000
2023-09-26T12:01+0000
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"Today, energy prices in Europe are back to pre-war levels, that is an achievement due to our unity in the European Union, otherwise we wouldn't have made it. But the price we pay for energy is still structurally higher than on other continents, and this is an issue for our global competitiveness," von der Leyen said in an address to the Green Deal Summit in Prague. She added that a solution to this problem is "within reach," depending on the efforts of each EU member, as energy consumption is their "national prerogative." Energy became the EU’s top priority after the start of Russia’ military operation in Ukraine, when the bloc decided to significantly reduce its imports of Russian gas. The decision led to a sharp rise in gas prices in the bloc. To curb the price hike, the Commission presented several measures, including joint purchasing, price caps, and increased energy conservation efforts.
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EU’s Competitiveness Suffering From Higher Energy Prices - European Commission President
MOSCOW (Sputnik) - The European Union spends more on energy than other major economies, posing a challenge to the bloc's competitiveness, European Commission President Ursula von der Leyen stated on Tuesday.
