The European Union’s efforts to reduce gas demand in order to avoid shortages this winter following cuts in Russian supplies have been uncoordinated and remain insufficient, says the Bruegel think-tank in a report published on Tuesday 6 September.
In particular, the organisation deplores the “multiple concessions” made in the new EU regulation calling for a 15% reduction in gas demand between the 1st of August 2022 and 31 March 2023 (see EUROPE B13000A1), “which means that many...