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energy crisis - Latest news GMK Center

Photo – German investor sentiment fell sharply in April – ZEW
German investor sentiment fell sharply in April – ZEW

Businesses are concerned about the long-term prospects of energy shortages

Photo – Fortescue plans to phase out fossil fuels at its mines by 2028
Fortescue plans to phase out fossil fuels at its mines by 2028

This will help reduce costs amid the current energy crisis

Photo – Europe must prepare for a prolonged energy crisis – European Commissioner
Europe must prepare for a prolonged energy crisis – European Commissioner

The EU is assessing various options for responding to the crisis caused by the war in the Middle East

Photo – The Italian government expects GDP to grow by 0.5% in 2026
The Italian government expects GDP to grow by 0.5% in 2026

The country's public finances are capable of absorbing the impact of the crisis in the Middle East, the economy minister said

Photo – Iron ore companies may face additional fuel costs – Fortescue
Iron ore companies may face additional fuel costs – Fortescue

An aggressive decarbonization program helps the company save on diesel fuel

Photo – Steelmakers called on the EU to implement structural changes to ensure affordable electricity
Steelmakers called on the EU to implement structural changes to ensure affordable electricity

EUROFER has criticized the failure to assess the role of fossil fuels in setting energy prices

Photo – EU industry seeks deep energy market reform
EU industry seeks deep energy market reform

The deficit of investments in the European energy grid is estimated at €800 billion by 2030

Photo – European Parliament approved the EU’s energy saving goals until 2030
European Parliament approved the EU’s energy saving goals until 2030

EU member states must reduce final energy consumption by at least 11.7% by 2030

Photo – Spain’s steel industry is affected by high energy costs – Unesid
Spain’s steel industry is affected by high energy costs – Unesid

Spanish steel producers also need increased government support

Photo – The European Commission recommended to curtail energy support measures in the EU by the end of 2023
The European Commission recommended to curtail energy support measures in the EU by the end of 2023

New measures, if needed, should be aimed at protecting vulnerable households and businesses

Photo – Romania is considering energy support for the steel industry
Romania is considering energy support for the steel industry

The Ministry of Economy will promote two state aid schemes

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