Council and Parliament strike deal on ETS2 Market Stability Reserve ahead of 2028 launch
The deal aims to provide greater price stability, particularly to combat sharp price spikes, and predictability for the controversial system.
Energy and climate
Latest reporting and analysis on energy and climate.
Brussels seeks to mobilise €25 billion for Mediterranean renewables push
The EC said the scheme, named the T-MED, would help deliver 15 gigawatts of new renewable capacity.
Binding CO2 minimum price risks undermining EU green goals, warns leading think tank
“Intervening into one market creates the need for complementary interventions in others,” the study notes.
EU moves to freeze Russian oil price cap to deny Moscow a windfall
The European Union, alongside the G7 and Australia, has capped the price of Russian oil since December 2022.
Von der Leyen’s €1.4 billion Bauhaus struggles to leave its mark as new festival opens
This year's programme has placed affordable housing and what the Commission calls democratic engagement at its centre.
Seven EU countries reject weaker car emissions rules
The Commission is due to review its CO2 standards for cars and vans and has signalled it would give hybrids and renewable fuels a bigger role beyond 2035.
Nine EU governments resist Brussels plan to electrify company fleets
The issue is due to be discussed at a meeting of EU transport ministers in Luxembourg on June 8.
Italian deputies back nuclear power return in boost for Meloni government
The framework provides for an independent Nuclear Safety Authority and a National Programme for Sustainable Nuclear Power.
Putin acknowledges contacts with Trump administration over Cuba
"Cuba is a friendly country. Our relations have developed over decades, and the US administration is aware of this".
Tata Steel sacks ‘turncoat’ sustainability chief after one day over pro-apartheid past
Business director Jessica Mahn has taken over his responsibilities on an interim basis.
Russia bans jet fuel exports until November
Supplies to countries that maintain active intergovernmental agreements with Russia are exempt from the restriction.
Nordic investors urge EU to hold firm on Arctic drilling ban
The appeal has come as the EU weighs revising its stance to prioritise energy supply.
German Economic Council slashes growth forecast and warns of soaring social insurance costs
The downgrade is attributed primarily to the economic fallout from the Iran conflict, including sharply higher energy prices.
‘Green’ electric Ferrari hated by car enthusiasts
European orders are due to open later this year, with US deliveries scheduled to begin in the second quarter of 2027.
Spain doubles down on €9 billion green push, leaves blackout questions unanswered
"The energy revolution can't be just for those who can change cars, put up solar panels on their roof or renovate their homes without subsidies," Sánchez said.
Trump tempers hopes of imminent Iran deal as Hormuz blockade holds
The US president said talks with the Islamic Republic were progressing "in an orderly and constructive manner".
Germany’s housing crisis deepens as new apartment completions fall to a decade low
The country faces a significant structural housing deficit, estimated at between 550,000 and over 700,000 units.
Poland’s Senate rejects Nawrocki bid for referendum on EU climate policy
The power to approve or reject presidential requests for a referendum is one of the few definitive powers of the Senate.
UK allows Russian-derived fuel imports as North Sea drilling ban stands
According to the Department for Business and Trade, the carve-out applies indefinitely.
Brussels mayor faces pressure over ‘largest’ US Fourth of July celebration in Europe
Philippe Close has come under mounting pressure over plans to host what the US Embassy has described as the "largest Fourth of July celebration outside the United…
Iran war squeezes EU jet fuel as airlines cut flights
Brussels says stocks are under pressure as Lufthansa axes 20,000 short-haul services and airports warn of a systemic shortage.
Buy European: Sweden orders €4 billion worth of frigates in France
Sweden has selected France’s Naval Group to supply four new frigates in a major defence contract worth approximately €4 billion, marking one of the largest military…
Germany set to miss 2030 climate target
Europe's largest economy has committed by law to cutting emissions by 65 per cent on 1990 levels by 2030.
Meloni asks for greater EU fiscal flexibility to tackle the ongoing energy crisis
In a letter sent to European Commission President Ursula von der Leyen, she stressed that this should occur without altering the overall deviation limits.
Poland’s hydrogen bus push falters on high fuel costs
The city of Rybnik reported that hydrogen fleets were more than three times as costly as diesel and four times as costly as hybrids, the report said.
Swiss Government backs extension of its nuclear reactors
Switzerland's Federal Council has backed the extension of its nuclear reactors.
Italy prepares for a nuclear return
Italy is preparing its most significant return to nuclear energy in nearly four decades, marking a major shift in the country’s industrial and energy strategy…
ECB warns oil shock could force rate hike in June
Alexander Demarco said hopes that the eurozone could ride out the energy spike were "fading" and that he expected the conflict,
EU races to refill gas storage for winter as Gulf supply stays blocked
The European Commission relaxed its gas storage obligation from 90 per cent to a minimum of 75 per cent earlier this year, citing market pressures.
EU imports record amount of Russian LNG as foreign dependence grows
Russia remains the EU’s second-largest LNG supplier after the US. Deliveries from Russia were driven primarily by France, Spain and Belgium.