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fossil fuel transition

High EU spending to soften energy price shock

asadianOctober 2, 2026 | 8:23 AMOctober 2, 2026 | 8:26 AM

October 2, 2026 | 8:23 AMOctober 2, 2026 | 8:26 AM

€17.9 billion energy support €17.9 billion energy support EU electricity tax gas electricity tax less than gas energy support challenge EU energy support spending euro zone finance ministers euro zone finance ministers October 8 European Commission energy note fossil fuel transition fossil fuel transition incentive higher oil gas prices households businesses energy October 8 meeting power grid investment power grid investment EU targeted energy support targeted energy support households businesses

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