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Reuters: Europe’s spend on energy crisis nears 800 billion euros
BRUSSELS (Reuters) – European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis.
European Union countries have now earmarked or allocated 681 billion euros in energy crisis spending, while Britain allocated 103 billion euros and Norway 8.1 billon euros since September 2021, according to the analysis by think-tank Bruegel.
The 792-billion-euro total compares with 706 billion euros in Bruegel’s last assessment in November, as countries continue through winter to face the fallout from Russia cutting off most of its gas deliveries to Europe in 2022.
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WNU Editor: And this price tag continues to grow.
To Shield Households And Companies From Soaring Energy Costs Europe Has Spent 800 Billion Euros
Europe’s spending on energy crisis nears €800 billion: study — EurActiv
Europe has Spent almost 800 Billion Euros to Fight the Energy Crisis — Novinite
Europe Has Spent 792 Billion To Shield Citizens From Energy Crisis — OilPrice.com
Europe has spent more than $800 billion shielding citizens from the energy crisis — Quartz
Energy crisis: Europe’s spend to shield consumers nears €800 billion. Where is the money going? — Euronews