EU eyes energy tax cuts, subsidies to ease Iran war impact

The EU is considering temporary measures, including energy tax cuts, subsidies, and lower grid fees, to mitigate the impact of soaring energy prices triggered by the Iran conflict. The proposals aim to support households and energy-intensive industries while maintaining long-term decarbonization goals. The European Commission is also exploring the use of ETS revenues, with a €30 billion investment package to support the energy transition. However, divisions remain among member states over potential adjustments to the ETS framework, highlighting growing tension between climate policy and economic competitiveness.
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