00:00Today's crisis shows to what extent speeding up our energy transition is key for competitiveness, resilience and prosperity.
00:08And we are in a better situation than in the previous energy crisis.
00:12We have done a lot, but we still need to do more.
00:16To accelerate, as it is said in this communication, but also to shield, to develop a shield for those that
00:24could be suffering the most in the current crisis.
00:30It triggers to double down our action.
00:33This is why we call it Accelerate EU.
00:37So, to ensure that this communication is part of our ongoing response, we stand ready to take further action if
00:45the situation could worsen.
00:48We don't know how long it could last.
00:51We know that we want to respond since the very first moment.
00:55Five sets of actions to be undertaken, both at the European level and at the member-state level.
01:03Thinking on coordination to deploy emergency measures.
01:08Thinking on the set of actions that intend to protect consumers and industry from price shocks.
01:16In this regard, we are concluding our works on a stated temporary framework, while keeping the possibility to deploy targeted
01:25and temporary measures to support those most affected by this crisis.
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