NEW BLOG FOR YOU Google's energy consumption numbers in their new climate report are mind-blowing. 2 years ago they flipped from linear to exponential growth, and their climate impact is blowing out, too. A WILD testament to the obscene bloat and waste of GenAI: ketanjoshi.co/2026/07/01/g...

If you have one hour on Wednesday, join us to discuss a new tool to ensure support to Ukraine helps the country to meet key EU accession criteria (carbon pricing), create more fiscal capacity and modernise its economy. www.linkedin.com/posts/green-...

The supply response to the Hormuz crisis extends well beyond the Middle East Led by the US, Atlantic Basin producers have boosted exports to Asia. At the same time, China has drawn on inventories to curb crude imports, helping ease wider market pressures: iea.li/3SVAj7L

So much for Russia's windfall oil revenues this year: Budget receipts from natural resources are still far behind previous years' levels, despite some improvement in the last two months.

Eine CDU-Veranstaltung zeigte, wie uneins die Partei beim Klimaschutz ist. Als es konkret wurde, wurde ihre wirtschaftspolitische Schwäche deutlich.

Based on the excellent new paper from @bruegel.org by @gzachmann.bsky.social @heathergrabbe.bsky.social et alt., and the equally lucid analysis "Too Hot To Grow" The Economic Costs of Extreme Heat" by Allianz.

The internal electricity market risks silently disassembling - while we remain busy with colourful initiatives and Single Market rhetoric.

I am big fan of @bruegel.org papers. Accurate, sound, well explained… In this one, making clear why investing in climate action and preparedness & resilience is so important. Txs @heathergrabbe.bsky.social and @gzachmann.bsky.social.

Great summary of our new paper with @gzachmanm below.

a friend of a friend made €100 mln on the carbon credit market without reducing a tonne of CO2

International carbon credits are back on the EU's agenda. We prepared a taxonomy of key risks associated with project-based international carbon crediting. Spoiler: A lot of things went wrong in the past, and some problems of project-based credits are structural. www.bruegel.org/analysis/buy...

Can I now add unpaid LLM-trainer to my bio? intheweights.com

Climate impacts will become a structural macro-fiscal problem. With low private insurance, EU governments are sleepwalking into becoming disaster insurers of last resort. Our @bruegel.org Policy Brief on mitigating rising fiscal costs of climate disasters. 🔗 www.bruegel.org/policy-brief... 🧵1/10

📊 Chart of the week: Annual EU direct economic losses from extreme weather and climate events 📑 By @heathergrabbe.bsky.social, @keliauskaite.bsky.social, @marie-lappe.bsky.social, @iremonas.bsky.social, Massimo Tavoni and @gzachmann.bsky.social 🔗 buff.ly/QN0cs5M #EconSky

International carbon credits are back on the EU's agenda. We prepared a taxonomy of key risks associated with project-based international carbon crediting. Spoiler: A lot of things went wrong in the past, and some problems of project-based credits are structural. www.bruegel.org/analysis/buy...

🏭 Buyer beware: a taxonomy of the risks of international carbon credits As the EU reintegrates international carbon credits into its climate framework, understanding the associated risks is essential 💡 By Maximilian Fuchs, Thomas Mramor and @gzachmann.bsky.social 🔗 buff.ly/XOYLlln #EconSky

Our op-ed in European Pravda on an Ukrainian-European Decarbonisation instrument: www.eurointegration.com.ua/articles/202... Idea is that partners support scaling carbon pricing & decarbonisation investments in Ukraine, by matching Ukr'n CO2-price revenues with own funds -that are jointly governed.

⛈️ What action can be taken at the national and European levels to strengthen prevention and adaptation finance? 📑 By @heathergrabbe.bsky.social, @keliauskaite.bsky.social, @marie-lappe.bsky.social, @iremonas.bsky.social, Massimo Tavoni and @gzachmann.bsky.social 🔗 buff.ly/QN0cs5M #EconSky

11th century Lavra Monestary (built in 1051) set on fire as a result of Russian air raid this night. Also on fire was a section of Art Arsenal Building. Four victims on sites thus far.

NEW🚨A US-Iran deal leading to the reopening of the Strait of Hormuz will not fix the world’s oil supply problem overnight. Also in Europe, the oil price crisis could still turn into a volume crisis - and we need to prepare for such scenario. www.bruegel.org/analysis/eur...

The #clean energy think tank @ember-energy.org partners with the Energy Institute to produce the legendary* "Statistical Review of World Energy" which #oil major BP launched in 1952 (and produced until 2023).

Clickbait kann man dem Titel nicht vorwerfen.

Today, June 11th, is the day that Ukraine’s war has lasted longer than the first world war. My Charlemagne on this grim milestone. www.economist.com/europe/2026/...

COP31 host Turkey has proposed a global 35% #electrification target by 2035 at the Bonn climate talks.

Tour de France: +10 GW (+33%) nuclear ramping in 4h30.

Prices affect demand! EU countries where gasoline+diesel prices incl. taxes increased more saw on average stronger automotive fuel demand reduction. [here: controlling for market size and adding diesel makes this even ore clear]

EU LNG imports in May 2026 were lower than in previous months or in May 2025, and they continued to slow down over the course of the month. Now, gas storage volumes are close to their seasonal lows. www.bruegel.org/dataset/euro...

EU LNG imports in May 2026 were lower than in previous months or in May 2025, and they continued to slow down over the course of the month. Now, gas storage volumes are close to their seasonal lows. www.bruegel.org/dataset/euro...

Prices affect demand! EU countries where gasoline prices incl. taxes increased more saw on average stronger automotive fuel demand reduction.

Updated @bruegel.org European gas import data for week 22 and May LNG by source 📊 download data: www.bruegel.org/dataset/euro...

Chinese investment into clean technology manufacturing has fallen sharply from highs in 2023. Driven by oversupplied markets and a tightening of policy.

Japan is planing to spend up to $19bn and draining ~25% of strategic oil reserves to support domestic energy consumers. To stop this economically cazy negative-sum subsidy race, net-importers should coordinate demand reduction targets. (@hudsonlockett.bsky.social the 8.8 kiloliter sounds wrong)

Ankara might not be happy with this shape.

Ankara might not be happy with this shape.

Today in the FAZ, Rouven Stubbe and I argue that Ukraine and its partners must move from only fixing/protecting the precarious existing energy system to increasingly investing in a resilient, decentralized one. (1/2) www.faz.net/aktuell/wirt...

It is known. In a supply crunch, you'd better lower price to raise demand. It is known.

As there is increased nervousness about the availability of jet fuels in Europe the German government makes flying cheaper by lowering aviation taxes.

M.Martens (FAZ) reports that the US forced the High Representative in Bosnia and Herzegovina C. Schmidt to resign. Background arguably is Schmidt's opposition to a shady HR-BiH-GAS-PIPELINE deal, from which Trump associates (incl. Flynn) were supposed to benefit. www.faz.net/aktuell/poli...

I wonder how this picture affects the strategic calculus of the individual players? E.g., -Does Trump perceive the outsized revenue increase for US companies as more important than the price-rise for US-consumers? -Will IRN have quite some staying power?

I just came across the "European State of the Climate 2025 report" that was published two weeks ago. They did a ten-charts summary that unmistakably showed that climate change is increasingly affecting Europe: climate.copernicus.eu/ten-charts-d...

I just came across the "European State of the Climate 2025 report" that was published two weeks ago. They did a ten-charts summary that unmistakably showed that climate change is increasingly affecting Europe: climate.copernicus.eu/ten-charts-d...

The new @iea.org oil market report is freely available now! (🙏↓) Even their currently rather optimistic-looking base case ("assuming the conflict ends by early June") sees "markets severely undersupplied through the end of 3Q26"

OPEC also released its monthly oil report today: www.opec.org/monthly-oil-... They manage to not mention Iran and Hormuz in the text once. They seem to have settled on the word "disruption". This might tell something about a political nature of the report. The numbers are still interesting. 1/5

Critical Minerals: Big, data rich discussion on Gallium by @csis.org. But the gap between sizeable policy attention and limited market value still puzzles me. [EU data imply imports 2025 were worth €8mn] Appears not to be an economics, but a defence issue. www.csis.org/analysis/us-...

So far - European air traffic levels seem to be very close to last years values. [cool @eurocontrol.bsky.social data page: www.eurocontrol.int/Economics/Da... ]

RAP and Agora (Energiewende) are merging.

Kazakhstan is increasingly exiting the Russian electricity orbit. For now, it plans to stop power imports from RU next year and is procuring Chinese instead of Russian technology. At the same time cutting lines to RU or building lines to CHN seem not on the agenda. www.n-tv.de/politik/Kasa...

Kerosene Crunch: Despite a significant rise in US Kerosene imports closing the April gap, supply levels remain inadequate for the seasonal travel surge, according to Bloomberg data. www.bloomberg.com/news/newslet...

China's oil imports fell almost 30% in April, to the lowest level in a decade, a dramatic drop well highlighted by @javierblas.bsky.social. He tries to find a "big" explanation and comes up short - likely because there isn't one: there drop is rather a result of multiple adjustments.

1/ Published today in @natcomms.nature.com: our analysis on long-duration electricity storage needs for coping with #Dunkelflaute events in 🇪🇺 . Joint work with my stellar @diw.de colleagues @kittelmartin.bsky.social (lead) and @aroth.bsky.social 🎉https://www.nature.com/articles/s41467-026-72681-5