Europe has spent €800 billion to soften impact of energy inflation, study shows

European governments have so far spent close to €800 million ($854 billion) on shielding households and businesses from high energy costs, a leading research group said on Monday.

Since September 2021, European Union countries have allocated €681 billion to cushion the effects of the energy crisis, while the UK has allocated the equivalent of €103 billion and Norway €8.1 billon, according to analysis by Brussels-based think-tank Bruegel.

Germany was the biggest spender overall, allocating nearly €270 billion, followed by the UK, Italy and France allocating €103 billion, €99 billion and €92.1