Gas reserves, subsidies and tax cuts: the EU’s tools to combat energy price spike

Irish Times | Oct 13, 2021 at 2:04 PM
  • The European commission outlined measures on Wednesday the EU could use to combat surging energy prices, and said it would explore joint gas purchasing among countries as a way to cushion price spikes.
  • Spain has led calls for the EU to launch joint gas purchasing, although other countries are wary of using lasting regulatory changes to tackle a short-term crisis.
  • Brussels will issue guidance next year to speed up permitting processes for renewable energy projects, and it urged countries to spend EU Covid-19 recovery funds on clean energy.