Can the ECs climate change and energy policies help in times of high oil prices?
Yes, the high oil prices make the case for the climate and renewable energy package even stronger. The package will bring important economic benefits in the short and long term. If the greenhouse gas emissions and renewables targets are met, oil and gas imports will fall by some 0.3% of GDP, which translates into import savings of €50 billion by 2020.
Related Questions
- Many energy companies are large corporations that have made huge profits, even at times of high energy prices. What impact will the third legislative package have on such companies?
- Many energy companies are large corporations that have made huge profits, even during times of high energy prices. What impact will this package have on such companies?
- Can the ECs climate change and energy policies help in times of high oil prices?
