“A temporary gas savings subsidy as an emergency tool to reduce gas consumption and emissions”, Daniel Gros (RSCAS-EUI, Italy)

A key problem for European policy makers today is how to reduce Europe’s dependency on gas imports from Russia. This problem has a seasonal component. During the summer months Europe could get by without Russian gas, but then it would not be possible to fill the available storage for the coming heating season. All EU governments are of course desperately trying to find additional sources, mostly in the form of LNG. But this takes time because most LNG is committed under long-term contracts. Some reduction in gas use in Europe during the next winter is thus unavoidable.

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