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Energy

EU to Focus on Impact of Energy Consumption

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By Douglas A. McIntyre Published

Offshore wind power

The European Union wants to know more about energy consumption, particularly as its affects individuals who live within the region. Energy costs have risen relentlessly for most of the past several years, so these costs likely hurt consumer spending. Bloomberg reports on the call for a study of energy costs:

European Union leaders will call for a study of energy prices and costs facing households and energy-intensive industries, according to draft conclusions of their May 22 summit.

“The impact of high energy prices and costs must be addressed,” according to the draft, dated May 13 and obtained by Bloomberg News. The draft says the European Commission will present their analysis of energy-price “composition and drivers” before the end of 2013 for talks in February 2014.

The 27-nation bloc’s leaders also will call for EU and national measures to boost financing opportunities throughout the economy, according to the draft. It specifies trying to make more use of the European Investment Bank, in particular for energy and resource-efficiency projects.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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