IEA says reducing temperature could help wean consumers off fuel that Russia is using as a weapon in Ukraine war
Europeans should turn down their thermostats by a degree to save on gas and reduce dependency on Russian imports, which Russia is wielding as a weapon in the Ukraine war, the world’s leading energy adviser has said.
Governments in Europe should also impose a windfall tax on fossil fuel companies that have enjoyed a bonanza from soaring energy prices, and use it to cut energy bills for hard-pressed consumers, according to a 10-point plan formulated by the International Energy Agency that would reduce Russian gas imports by about a third before next winter.