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EU steps in to shield households from energy price spikes ahead of new carbon costs
The upcoming carbon costs due to kick in in 2028 will hit road transport and buildings, likely pushing energy prices higher. As the European Union extends its carbon market to buildings and road transport, the European Council and European Parliament have agreed to strengthen a financial tool designed to stabilise new carbon costs for heating and fuel due to kick in in 2028. The deal reached by the EU co-legislators on Wednesday evening serves as an economic safety net by issuing emergency...