Browsing: climate

The latest ASEAN-European Union workshop in Brunei Darussalam signals a broader geopolitical and economic shift: carbon markets are no longer being treated solely as climate instruments, but increasingly as industrial policy and investment mechanisms tied to trade competitiveness, energy transition financing, and regional economic integration.

Global investment in electricity grids must rise from roughly USD 0.5 trillion annually in 2025 to about USD 1 trillion per year through 2035 if the world is to remain on a 1.5°C-compatible pathway.

The moment when wind and solar overtook fossil fuels as the dominant source of electricity in the European Union was…

Global mean sea level has risen by 9.4 centimeters since 2000, with satellite data showing an average annual increase of 3.64 millimeters since 1999, according to the Copernicus Climate Change Service. The rate is not static. It has accelerated from 1.3 millimeters per year in the early 20th century to 3.7 millimeters per year in the most recent observational window assessed by the Intergovernmental Panel on Climate Change.

Wind and solar generated a combined 30 percent of the European Union’s electricity in 2025, surpassing fossil fuels at 29 percent for the first time and marking a structural shift in the bloc’s power system. This milestone reflects both accelerated renewable deployment and a policy-driven effort to reduce dependence on imported energy following recent supply disruptions.

Saudi Arabia-based ACWA Power is preparing to commit at least $30 billion to China over the next five years, reinforcing a strategic pivot that reflects both confidence in the country’s energy transition and a growing reliance on its industrial ecosystem.

Global renewable power capacity reached 5,149 gigawatts (GW) by end-2025, following a record 692 GW addition that marked a 15.5% annual increase, with renewables capturing 85.6% of all new capacity expansions.

Global LNG markets are operating under an extreme stress test as tanker traffic through the Strait of Hormuz collapses from an average of 94 vessels per day to just over five in early March 2026, with LNG and oil tanker flows falling from more than 53 per day to roughly two.

A projected €24 billion windfall for oil companies linked to rising fuel prices across Europe has reignited debate over windfall taxation, with Transport & Environment calling for a temporary levy on excess profits.

As oil prices climbed above $100 per barrel following disruptions linked to the Strait of Hormuz, Europe’s largest parliamentary bloc, the European People’s Party, renewed calls to accelerate clean energy deployment and reduce reliance on imported fuels.