2023 Report on Energy Subsidies in the EU

Summary

The European Union is committed to ambitious climate goals, including a 55% emissions reduction by 2030 and climate neutrality by 2050, but faces the challenge of managing an energy crisis that significantly increased energy subsidies. The European Commission monitors these subsidies and Member States' progress in phasing out fossil fuel support, while national governments have implemented numerous temporary measures to protect consumers from high energy prices. As a result, total energy subsidies, including those for fossil fuels, rose dramatically in 2022, potentially impacting the long-term energy transition despite efforts to support renewables.

Key Facts

Source Document

https://example-government.gov/policy-document-link