Energy and Climate

As Europe's fastest-growing energy consumer since 2010, and a ratifier of the Paris agreement to cap emissions, Turkey is viewed as a critical energy transition test case seeking to retool its power system while sustaining economic growth.

Thermal coal markets were a prominent beneficiary of Europe's power sector turmoil in 2022, with prices surging more than 250% through mid-March as utilities and trading firms scrambled to replace lost supplies of Russian natural gas with other fuels.

Northwest Europe is half-way through the winter heating season and gas inventories are at a record high following an extended period of exceptionally mild temperatures since the middle of December.

If you're looking for economic and investment tailwinds, climate change is hardly one of them.

High concentration of resources in some countries poses risks to global supply chains, agency says.

Since September only 110 million cubic meters of rain fell in Tunisia, about a fifth of the normal rate, and officials in the farmers union and the main trade union warn that grain crops will suffer - adding to existing problems of food supply.

The continent has boosted its LNG imports from the US and Gulf countries.

The world imported more liquefied natural gas (LNG) in 2022 than ever before, but the war in Ukraine has meant that the growth was concentrated in wealthy European countries and away from poorer Asian countries.

The World Economic Forum (WEF) yesterday warned that the cost-of-living crisis remained the biggest short-term risk to the global economy.

Record warm temperatures across Europe this winter have been celebrated for helping to avert a potential power crisis across the region.