792bn-total compares with706bn in Bruegel's last assessment in November, as countries continue through winter to face the fallout from Russia cutting off most of its gas deliveries to Europe in 2022.270bn — a sum that eclipsed all other countries. Britain, Italy and France were the next highest, though each spent less thanOn a per capita basis, Luxembourg, Denmark and Germany were the biggest spenders.
The energy spending update comes as countries debate EU proposals to loosen state aid rules further for green technology projects, as Europe seeks to compete with subsidies in the US and China. Bruegel said governments had focused most of the support on non-targeted measures to curb the retail price consumers pay for energy, such as VAT cuts on petrol or retail power price caps.
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Europe's spend on energy crisis nears €800bnEuropean countries' bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis.
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