The energy union strategy aims at building an energy union that gives EU consumers - households and businesses - secure, sustainable, competitive and affordable energy. The five pillars of the Energy Union are: accelerating decarbonisation with the EU Emission Trading System (ETS) and renewables at is core; scaling up energy efficiency; enhancing energy security and safety; strengthening the internal market; research, innovation and competitiveness. Since 2021, Europe has experienced a hike in energy prices that is part of a global surge. The Russian invasion of Ukraine in 2022 has further affected the energy markets, causing new increases of energy prices and concerns over the EU’s ability to secure its energy supply.
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