🇪🇺 Ursula von der Leyen
EUs additional fossil fuel import costs reach €127 billion, von der Leyen says
What happened
European Commission President Ursula von der Leyen stated that the EU's losses from increased energy prices have risen to €127 billion since the beginning of the year, up from €106 billion in mid-October. This increase is attributed to higher costs of importing fossil fuels. Von der Leyen emphasized that the EU imports an additional €127 billion worth of fossil fuels since the closure of the Strait of Hormuz, without obtaining any additional energy.
Why it matters
The increased costs of fossil fuel imports have significant implications for the EU's economy and energy strategy. The rising costs are a major concern for the EU's energy policy and its aim to reduce carbon emissions. Von der Leyen's comments suggest that the EU's policy of phasing out carbon-based fuels remains a priority.
Key facts
- The EU's losses from increased energy prices have reached €127 billion.
- The losses are attributed to higher costs of importing fossil fuels.
- Von der Leyen stated that the EU imports an additional €127 billion worth of fossil fuels since the closure of the Strait of Hormuz.
Official statement
“Since the closure of the Strait of Hormuz, imported fossil fuels have cost Europe an extra €127 billion, without a single additional molecule of energy”
🇪🇺 Ursula von der Leyen · Full statement & source
Topics
Publisher evidence used
Reporting attributed to en.apa.az. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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