‘Give people breathing space’: How European governments could cut energy bills overnight
‘Give people breathing space’: How European governments could cut energy bills overnight
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The ongoing energy crisis in Europe has prompted discussions on how to alleviate the financial burden on households. Long-term solutions include investing in renewable energy to reduce reliance on imported fossil fuels, while short-term measures could involve cutting taxes on electricity. Current taxation on electricity is disproportionately high compared to fossil fuels, leading to calls for rebalancing taxes. Some countries have successfully reduced electricity bills through tax reforms. Environmental advocates argue for taxing fossil fuel companies to address the climate crisis and support households during this crisis.
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