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flag EU plans tax cuts and energy reforms to lower prices amid climate policy talks.

flag The European Commission has announced seven measures to rapidly reduce energy prices, including expanding state aid, boosting grid infrastructure, and diversifying gas supplies. flag EU leaders, including President Ursula von der Leyen, stressed that high energy taxes—especially on electricity, which are 15 times those on gas—hinder competitiveness and worsen the cost of living. flag Von der Leyen called for lowering electricity taxes to encourage domestic low-carbon energy use and improve affordability, as EU industries pay 34% and households 42% in energy taxes. flag The actions come ahead of a summit on new 2040 emissions targets and climate policy impacts.

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