The European Union is developing plans to cut taxes on renewable energy and make electricity systems more flexible as high costs continue to weigh on the region’s economy.
A cleaning robot at a EDP SA solar farm in Avila, Spain, on Tuesday, July 1, 2025. Big technology companies are driving demand for electricity produced by renewable projects as the firms invest in artificial intelligence and data centers, according to EDP SA, a developer of wind farms and solar energy projects in the US and Europe.
The European Union plans to stagger the sale of €30 billion ($35 billion) of carbon permits, seeking to ensure that its push to help industries finance a shift to clean energy doesn’t depress emissions prices.
Wind turbines near rapeseed fields in Doetlingen, Germany, on Friday, May 2, 2025. Friedrich Merz sought to move past an embarrassing stumble as he took power in Germany, vowing to reboot the economy and revive the country’s military. Photographer: Krisztian Bocsi/Bloomberg
The European Union is considering a temporary freeze to its price cap on Russian oil as the war in the Middle East continues into a fourth month, said people familiar with the matter.
Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., as a tanker sails beyond in Tuapse, Russia, on Monday, March 23, 2020. Major oil currencies have fallen much more this month following the plunge in Brent crude prices to less than $30 a barrel, with Russia’s ruble down by 15%.
Polish lawmakers in the European Parliament’s biggest political group are calling for a deep carbon-market reform as a war-driven surge in energy prices highlights the bloc’s industrial competitiveness issues.
Emissions rise from an oil refinery in Plock, Poland.
The European Union is considering stockpiling fertilizers and providing relief for farmers as part of measures aimed at tackling soaring costs caused by the Middle East conflict.
A farmer sprays an insecticide on a field of pear trees near Lleida, Spain, on Friday, March 27, 2026. The closure of the Strait of Hormuz has halted shipments of fertilizers, causing prices of urea and phosphate to surge. Photographer: Angel Garcia/Bloomberg
European Union energy lobby groups called for more flexibility in reaching the bloc’s natural gas storage targets, to avoid market pressure during the summer refilling season.
The European Commission put forward updated benchmark values for its flagship carbon market in a bid to address concerns among some governments and manufacturers over the region’s declining competitiveness.
The European Commission put forward updated benchmark values for its flagship carbon market in a bid to address concerns among some governments and manufacturers over the region’s declining competitiveness.
Poland’s nationalist President Karol Nawrocki said he wanted to call a referendum on European Union climate policy in a move that’s bound to create fresh tensions with the pro-EU government and with Brussels.
China and the European Union have joined forces in a bid to create a global alliance on carbon pricing, putting them at odds with the Trump administration’s push to invest more in fossil fuels.
Steam rises from cooling towers at a coal-fired power plant near Bergheim, Germany. Photographer: Lukas Schulze/Getty Images
Poland’s nationalist President Karol Nawrocki said he wanted to call a referendum on European Union climate policy in a move that’s bound to create fresh tensions with the pro-EU government and with Brussels.
The European Commission is set to propose granting about €4 billion ($4.7 billion) more of free emission permits to the industries covered by the bloc’s carbon market, addressing concerns by some governments and manufacturers over the region’s declining competitiveness.
The European Commission is set to propose granting about €4 billion ($4.7 billion) more of free emission permits to the industries covered by the bloc’s carbon market, addressing concerns by some governments and manufacturers over the region’s declining competitiveness.
The European Union proposed measures such as optimizing jet fuel distribution and cutting energy taxes to navigate the Iran war-driven crisis that it said could reverberate for years.
A refueling vehicle passes a passenger aircraft at Munich Airport, on April 14.
Czech Prime Minister Andrej Babis called on the European Union to relax environmental rules to ease the impact of the energy price spikes caused by the Iran war and to stem a decline in the bloc’s industrial competitiveness.
Ukraine expects oil to resume flowing through the Druzhba pipeline as soon as Tuesday, clearing the way for the European Union to unblock a much-needed €90 billion ($106 billion) loan for Kyiv.
Oil pipes at an oil tank farm along the Druzhba pipeline near Nelahozeves, Czech Republic.
Germany wants the European Union to place industrial transition to cleaner energy at the heart of a planned review of its carbon market, after rising power and fuel prices prompted criticism of the bloc’s key climate tool.
European Union officials are heading to Budapest on Friday for talks with Hungary’s incoming leader, Peter Magyar, with no signs the outgoing Prime Minister Viktor Orban will drop his veto over a €90 billion ($106 billion) EU loan to Ukraine.
Hungary's Incoming Prime Minister Peter Magyar at a news conference following his election victory in Budapest on April 13.
The European Union said it prefers controlled purchases of international carbon credits over the acquisition of them by individual companies, as it wants to ensure only high-quality projects count toward its ambitious climate target.
Investors in emissions-reduction projects called on the EU to agree on the rules as soon as possible. Photographer: Milan Jaros/Bloomberg
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