EU leaders endorse temporary measures to manage energy crisis

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EU leaders endorse temporary measures to manage energy crisis

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EU leaders endorse temporary measures to manage energy crisis by : 8:10 am On October 23, 2021

The leaders of the European Union (EU) member states have endorsed a package of measures to deal with the immediate effects of the spike in energy prices, the European Council said on Friday.

In the conclusions of the two-day EU summit that started on Thursday, the leaders called for medium- and long-term measures that would contribute to affordable energy prices for households and companies.

The toolbox, which the European Commission launched last week, contained measures to tackle the rising energy prices in the short and longer term.

The leaders called on the member states to “urgently make the best use of the toolbox to provide short-term relief to the most vulnerable consumers and to support European companies,’’ especially those struggling to recover from the COVID-19 pandemic.

They said that the European Investment Bank should looked into how to speed up investment in the energy transition.

The summit participants also discussed the pandemic and the vaccination rates across Europe.

They noted the significant progress made in the fight against the pandemic but voiced concern that the situation in certain countries remains “very serious.”

“In light of the development of the epidemiological situation, the European Council called for further coordination to facilitate free movement within, and travel into, the EU.

“And it encouraged the European Commission to “accelerate its work regarding mutual recognition of certificates with third countries.’’ (Xinhua/NAN)

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