European countries’ bill to supposedly protect households and companies from rising energy costs has risen to nearly €800 billion, researchers said on Monday, asking countries to be more intentional in their spending to combat the energy crunch.
European Union (EU) countries have presently allocated €681 billion in energy crisis spending, while Britain earmarked €103 billion and Norway €8.1 billion since September 2021, based on an analysis by think-tank Bruegel.