Energy crisis, von Leyen: "100 billion more for fossil fuels since the beginning of the war"
Ursula von Leyen speaks at the European Chamber Plenary and announces a new task force to aggregate demand in Europe
Quick Look
- Fossil fuel imports have cost Europe 100 billion more since the start of the war in Iran.
- Ursula von Leyen declared this to the European Chamber, announcing the launch of a new task force to aggregate energy demand.
AI-generated summary
Why It Matters
Europe faces energy price increases due to global conflicts and geopolitical tensions, including the situation in the Strait of Hormuz.
"Overall, fossil fuel imports have cost Europe 100 billion euros more since the start of the war in Iran. We are all feeling the impact of rising energy costs." And the situation could worsen as winter approaches. We must therefore act now. To protect those who need it most". Ursula von Leyen said this while speaking at the European Chamber plenary announcing the launch of "a new task force to aggregate demand" in Europe. "We have already done it in the past. When Russia tried to blackmail us, we brought together European buyers,” he stressed.
On the energy emergency "in the short term we must support the Member States so that they can cope with the immediate pressures". "Our role is to provide Member States with the tools and flexibility to react. That's why in April, right at the start of the closure of the Strait of Hormuz, we introduced a temporary state aid framework. Support must be targeted: no generalized aid, because if it increased it would entail enormous costs.
but targeted and effective support for those who really need it," he said.
What to Watch
AI outlook — possibilities, not facts
Worsening energy crisis as winter approaches
Likely · Within months
Open Questions
- Which countries will participate in the new task force?
- What concrete measures will the EU take for the winter?
