Europe Asia News

European Council President Antonio Costa assessed the impact of high energy prices on the European economy in a statement on social media. Costa said, “High energy prices are one of the biggest challenges to the competitiveness of the European Union.”

Emphasizing that the long-term solution lies in reducing energy dependency, Costa stated that accelerating the decarbonization process and increasing domestic energy resources is the most effective way to lower energy prices in the long term.

Costa also noted that temporary and targeted measures have been taken to protect citizens and businesses from the impact of the current crisis in the Middle East on global energy supply.