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The Latest Breaking News from Simone Tagliapietra

Will the Iran war threaten the EU's green transition?

The European Union's climate ambitions could be delayed as the war against Iran is driving energy prices through the roof and raising questions of supply security. EU leaders maintain the conviction that the path to energy independence lies in more clean power and less reliance on fossil fuels.

Euronews

Oil prices hit $103 per barrel despite Trump easing some Russian sanctions

Analysts estimate about 125 million barrels of Russian oil are currently being shipped

The Independent UK

As Europe imports no Iranian oil, how does the conflict in Iran impact trade?

Tensions in the Middle East have threatened to drive up inflation and energy costs despite the EU having little direct trade with Tehran.

Euronews

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How Russia could profit from rising energy prices fuelled by Iran war

Oil and gas prices are soaring after the Iran war choked off tanker supplies from the Middle East

The Independent UK

“Decarbonization is not just a climate plan, it is an economic strategy.” Why European competitiveness hinges on homegrown power

Can political commitment, leadership capability, and business involvement power Europe's future and boost its global competitiveness? In the remaining articles in this series, we plan to find out.

Fortune

What To Expect From The New EU Top Team's First 100 Days

Ursula von der Leyen's new European Commission is expected to officially start its work next week, with the European Parliament set to give it the all-clear in Strasbourg on Wednesday.

International Business Times

Global Oil Prices Surge Amid Middle East Conflict

Escalating tensions in the Middle East threaten global oil markets through the vital Strait of Hormuz. Potential disruptions could have severe implications...

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Europe and the US should work with China. Joint climate action could be a win-win

From deals on electric cars to solar panels, all sides could benefit from the global green energy transition, says Simone Tagliapietra of the Brussels-based thinktank Bruegel

The Guardian - UK

Europe has avoided energy collapse. But is the crisis over?

Warm weather is helping Europe keep the lights and heat on this winter despite Russia cutting off most of its natural gas supply to the continent

The Independent UK

Russia's Gazprom threatens Europe gas cuts through Ukraine

Russian energy giant Gazprom has threatened to reduce natural gas supplies through the last pipeline heading to Europe via Ukraine, saying the amount it's supplying for Moldova is not ending up in the former Soviet republic

The Independent UK

Heat or eat? Europe faces energy poverty

BRUSSELS: Europe is facing a major social test ahead of winter, as it juggles rising discontent, fuelled by soaring energy prices, and pressure to meet climate goals as the Ukraine conflict drags on.

Bangkok Post

Analysis-EU gas solidarity complicated by lack of fuel sharing deals

The European Union clinched a deal this week to cope with a gas supply crisis, but to make it work member states need to establish bilateral pacts to share gas and, right now, most have no such agreement in place.

Reuters

Russian gas cuts risk reviving old EU divisions this winter

Russia’s gas cuts risk fracturing the unity of the European Union this winter as strained budgets and supply issues limit the bloc’s capacity to cope with a sudden, severe energy shortage.

Tribune News Service

Germany worries about gas rationing as supply from Russia halted

Temporary closure of Nord Stream 1 prompts fears for private consumers as well as industry

The Guardian - UK

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The Independent UK

Oil price cap could strike Russia's war chest — if enforced

Leaders of the world's biggest developed economies are looking for ways to cut off Russian President Vladimir Putin's oil money, which is helping finance the war against Ukraine

Asharq Al-Awsat

New Gas Pipeline Boosts Europe's Bid to Ease Russian Supply

Mountainous and remote, the Greek-Bulgaria border once formed the southern corner of the Iron Curtain.

The Independent UK

New gas pipeline boosts Europe's bid to ease Russian supply

Crossing a remote border area of Greece and Bulgaria, a new pipeline nearing completion will help countries in the region dependent on Russian imports get greater access to the global natural gas market

Asharq Al-Awsat

Putin Gas Cutoff Shakes up Europe at Little Cost to Kremlin

Cutting off natural gas to Poland and Bulgaria cost Russian President Vladimir Putin very little - but it is adding stress on European countries wrestling over how to reduce energy imports that are feeding the Kremlin's war chest and how to keep a united front on the war in Ukraine.…

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The Independent UK

Putin gas cutoff shakes up Europe at little cost to Kremlin

Russian President Vladimir Putin is putting pressure on European governments with his proposal to pay for oil and gas in rubles

Al Jazeera

After the EU’s Russia coal ban, Germany grapples with oil and gas

The bloc took action after ‘atrocities’ in Ukraine, but analysts say oil and gas markets pose more complex challenges.

Asharq Al-Awsat

Why Is Europe Balking at a Ban on Russian Energy?

Shocking pictures from the Ukrainian town of Bucha and accusations of Russian war crimes are building pressure for more sanctions against Moscow.

Bangkok Post

EU countries agree to jointly purchase gas

European Union (EU) countries have agreed to jointly buy and store gas, hydrogen and liquefied natural gas to address the challenge of reducing energy dependence on Russia while protecting Europeans from spiraling energy costs. They stopped short of imposing a ceiling on energy prices, however.

The Independent UK

Ukraine crisis jolts Europe to push for secure energy supply

Surging energy prices and fears of a Russian invasion of Ukraine are making European leaders think hard about energy security — particularly their decades-old reliance on Moscow for natural gas

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