EU needs to share the costs of energy in • Table.Briefings

By Philipp Jäger, Nils Redeker

**Philipp Jäger** is Policy Fellow, **Nils Redeker** is Deputy Director at the Jacques Delors Centre.

Two of the probably most pressing and important goals currently pursued by the EU are closely linked: To achieve carbon neutrality by 2050, the EU needs to massively promote the expansion of renewable energies. At the same time, this also factors into achieving complete independence from Russian energy supplies. However, both goals can only be reached if the EU pursues a plan for joint financing and does not leave the countries to fend for themselves.

European economic policymaking is currently particularly complicated. The Russian war of aggression against Ukraine is a heavy drag on growth, while inflation is rising rapidly. Spiraling energy prices require policy measures that cushion their impact without preventing companies and households from adapting to permanently higher fuel and electricity prices.

EU needs to share the costs of energy independence

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