Abstract
The European Union has suffered an energy crisis since June 2021 due to cyclical and structural factors, such as the climate crisis, the war in Ukraine and dependence on fossil fuels. EU leaders agreed on a new energy strategy to tackle the crisis and lay the foundations for a sustainable and decarbonised economy. The article aims to analyse energy prices and supply and the measures Europe took in 2022 to tackle the crisis. This European strategy includes promoting energy efficiency, diversifying energy sources, and reducing dependence on fossil fuels. EU legislative measures have also been proposed, such as a safety cap for gas prices and a temporary dynamic price corridor. However, some actions take time to implement quickly and effectively, and there may be costs and impacts on specific economic sectors. It is also difficult to predict the long-term effect of structural changes.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
