22
Apr
Why is the European Commission putting forward Accelerate EU?
The ongoing conflict in the Middle East is heavily impacting global energy markets, with a knock-on effect on the economy, industry and households. Since the beginning of the conflict in the Middle East, the EU has spent an additional €24 billion on energy imports, mainly fossil fuels. Even if hostilities ceased immediately, disruptions to energy supplies from the Gulf will persist for the foreseeable future. Member States using more renewable and/or...