Energy Price Jump Hijacks EU Debate on Green Overhaul
- EU commission is discussing tools to limit rise in prices
- Spain leads call on national leaders to help tackle crisis
Photographer: Michaela Handrek-Rehle/Bloomberg
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The unprecedented spike in natural gas and power prices is forcing its way up the European Union’s political agenda after hijacking a meeting of member states on the bloc’s ambitious transition to a green economy.
Ministers from most of the region’s 27 nations, from Sweden to Greece, voiced concerns at their gathering in Slovenia on Wednesday about energy prices hitting all-time highs. Rates have soared just as the bloc’s economies are rebounding from the Covid-19 pandemic, which could slow down political talks about turning EU’s strategy to reach climate neutrality into reality.