It has been a solid week of European natural gas filling. Daily rates are 0.26 pp / day, continuing at this pace would see storages reach 80% by 1 November (the EU agreed target).
🚨 The fiscal fault lines of Europe’s energy shock
🪙 European measures to address the latest energy crisis are ignoring past lessons and long-term goals.
đź“ť Read the First Glance by Thomas Mramor, @aroth.bsky.social & @tagliapietra.bsky.social
đź”— buff.ly/07FcLSe
1) The Commission, unlike some national governments, keeps its transition course: Climate policies should not be dismantled, but they increase the EU's energy independence
2) Electrification is key: it enables efficiency and the use of domestic electricity for transport, heating, and industry
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Last week, the EU Commission published a plan outlining how to address the Iran energy crisis:
âť“How to read the AccelerateEU plan?
@bruegel.org First Glance with @tagliapietra.bsky.social
đź”— www.bruegel.org/first-glance...
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3) Lacking strong competencies in fiscal and energy policy, the Commission focuses on coordination (see www.bruegel.org/analysis/how...) and relaxing state aid in the short term
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