Energy crisis: Government measures follow the path of European peers and renewables reduce exposure

Wednesday, 29 April 2026RSS
Energy crisis: Government measures follow the path of European peers and renewables reduce exposure

Government measures to mitigate the energy shock align with those of European peers, with Portugal being 'less exposed than other European economies' according to an Allianz Research study. Measures such as fuel tax discounts help reduce the impact of rising crude oil prices. The total impact of government action is expected to be around 0.15% of national GDP, similar to the average in developed countries, meaning Portugal is not repeating the budgetary effort seen during the 2022 energy crisis. The issue involves not just price hikes, but a reduction in market supply, with aviation fuel becoming scarcer, diesel being rationed, and industrial users in price-controlled markets facing shortages. Portugal benefits from energy resilience due to its lower reliance on Middle Eastern oil imports, a higher share of renewable energy in electricity production, and experience in managing recent energy shocks. Brussels is urging Europeans to consume less fuel and reduce air travel.

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Sustainability (sustentabilidade) means meeting present needs without reducing the ability of future generations to meet theirs, covering environmental, economic and social dimensions. For residents it affects local planning, jobs and services—look for municipal or company targets, timelines and measurable actions when assessing how sustainable a place or employer is.

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