Mmastodon EnvironmentEnergy first seen 2 d ago, last 57 min ago, peak #8
EU energy import bill soars $113.5 billion since Iran war
Original: Same oil & gas... but for a much bigger bill. EU countries have paid over US$113.5 BILLION EXTRA for energy imports sinc
EU countries have reportedly paid more than $113.5 billion in additional costs for oil and gas imports since the war involving Iran began, according to Greenpeace. The environmental group is urging European governments to shield households from price shocks and accelerate investment in domestic wind and solar power instead of relying on imported fossil fuels.
Why now: The ongoing conflict has pushed up fossil fuel import costs, renewing debate over Europe's energy dependence and the push for renewables.
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