The EU is considering relaxing carbon quota rules and expanding subsidies to curb soaring electricity prices.

According to sources, the European Commission is considering relaxing the rules on carbon emission quotas supply and allowing more countries to subsidize in order to curb the rise in electricity prices. The European Commission is also studying whether to temporarily relax the rules on distributing free emission quotas to companies in the carbon market, while allowing for a reduction in grid fees and energy taxes. These options will be presented at the European Council summit on March 19. European leaders are concerned that additional energy costs will further burden businesses. The plan to revitalize the struggling manufacturing industry in Europe and enhance global competitiveness largely depends on whether energy costs can be lowered. European natural gas prices have already risen by nearly 60% this month, with disruptions in supply expected to continue for several months. Although a final decision on energy measures is not expected to be made at the summit next week, leaders from various countries will try to determine the policy direction for the European Commission to move forward.