EU ENERGY

The group of finance ministers from Spain, Germany, Italy, Portugal and Austria have joined forces to ask the European Union to introduce a windfall tax on energy firms. Their main worry is that the recent surge in oil and gas prices—linked to conflicts in Iran—could push inflation higher and hurt o

In 2022, when Russia invaded Ukraine, the European Union quickly responded with the REPowerEU plan. This plan aimed to ensure short-term energy security by changing how the EU gets and uses natural gas. The goal was to diversify imports, reduce demand, and speed up the use of renewable energy in the