EU spending on energy approaching $1 trillion – think tank ...News

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EU spending on energy approaching $1 trillion – think tank
source : Russia Today ( News ) () 32
The cost to protect households and businesses from soaring prices keeps growing, analysts at Bruegel say European nations have splashed out nearly €800 billion ($855 billion) on support measures as the region continues to reel from climbing energy costs, researchers at Brussels-based think tank Bruegel said on Monday. The analysts have urged governments to be more targeted in their spending aimed at subsidizing bills for households and businesses, in the face of wild swings in prices for gas and electricity over the past year. EU member states have so far allocated €681 billion to energy spending since September 2

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