EU Commission plans to ease debt rules for green energy expenses
03.06.2026, DPA
The European Commission plans to give EU countries more budgetary leeway for investments in green energy infrastructure in a bid to ease the economic pressure from rising fuel costs.
Under the plans presented on Wednesday, capitals are to be allowed to take on additional debt to finance green energy projects without risking disciplinary measures for exceeding EU debt and deficit limits.
EU countries which use the euro as a common currency are obliged to keep their annual deficits below 3% of gross domestic product (GDP) and debt below 60% of GDP.
The proposal aims to reduce the European Union's dependence on imported fossil fuels and to make the bloc more resilient in the long term.
The EU's economy was weakened by soaring fuel prices after Russia's full-scale invasion of Ukraine in 2022 and again this year because of the blockade of the Strait of Hormuz.
No comments:
Post a Comment