Global EditionASIA 中文双语Français
China Daily / 2022-09 / 09 / Page010

Steps to get EU through energy crisis proposed

By CHEN WEIHUA in Brussels | CHINA DAILY | Updated: 2022-09-09 00:00

But plan for price cap on Russian gas seen meeting more resistance

European Commission President Ursula von der Leyen proposed on Wednesday five measures to tackle the energy crisis facing the European Union, though some members have already flagged their opposition to the more contentious proposals.

The measures include an EU-wide plan to cut electricity consumption, a price cap on the excess revenues made by producers of renewable and nuclear energy, a so-called solidarity contribution by fossil fuel companies from their massive profits, support for struggling utilities and a price cap on Russian gas-the latter among the most controversial.

Von der Leyen said that Russia's manipulation of the gas market has had spillover effects on the electricity market. "So there is, on the one hand, the Russian manipulation, but there are also other factors during this summer. We see the effects of climate change. We see the drought," she said.

Report cites rights progress in Tibet

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US