00:00European countries are among those hardest hit by additional fossil fuel costs caused by disruption in the Middle East,
00:06according to the Center for Research on Energy and Clean Air.
00:10Italy faced an estimated 12.7 billion euros in extra costs between March and August,
00:16followed by the Netherlands at 11.5 billion euros, France at 10.8 billion euros, and Spain at 8.8
00:24billion euros.
00:25Together, the four economies absorbed almost 41 billion euros in additional fossil fuel costs without importing any new energy.
00:34Globally, the crisis added more than 282 billion euros to fossil fuel import bills without oil accounting for 140 billion
00:43euros.
00:44Diesel and petrol prices also rose by 59%.
00:48Beyond the cost shock, CREA said Europe's investment in clean energy is helping reduce its exposure.
00:55Clean power capacity installed since 2020 saved importing countries 36 billion euros in fossil fuel purchases during the first five
01:03months of the crisis.
01:05Spain alone saved billions, although oil-dependent transport, aviation and industry still left each person facing an additional 181 euros
01:14in fossil fuel import costs.
01:17Meanwhile, more than 100 organizations urged European Commission President Ursula von der Leyen to announce a plan to phase out
01:24fossil fuels in her State of the Union address on September 16.
01:29European Commission President Ursula von der Leyen to the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:30the United States of the United States of the United States of the United States of the United States of
01:31the United States of the United States of the United States of the United States of the United States
Comments