SAAFY - Energy subsidy roundup - California UK Germany out with new plans in past 24 hours

In the face of spiking energy costs, politicians have taken measured steps to mitigate the impact of higher prices on consumers. Before the war in Ukraine, Italy provided $4.3b to reduce retail energy bills. Japan adopted emergency measures to ease wholesale gasoline prices, measures which have risen four fold since the war began. Norway agreed to foot 55% of household energy bills, above 70 NOK / KWh. Since the war began, energy subsidies have accelerated, including updates in the past 24 hours:  California - $400 tax refund for each registered vehicle, in addition to public transit subsidies, for a total cost of $11b. UK - fuel tax reduction of 5 pence / liter; household support fund will increase by £1b, for a total cost of ~$6.6b. Germany - one-off payment to all taxpayers of €300, plus €100 for each child, and a temporary tax cut on gasoline, for a total

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Energy subsidy roundup - California, UK, Germany out with new plans in past 24 hours