John Ainger

Precisely!

Indeed! But doesn't change the macro EU challenge in the short term

Energy Price Shock From Iran War Exposes Europe’s Weakness Underneath the glass and wrought iron ceiling of Antwerp’s stock exchange last month, French President Emmanuel Macron addressed a hall full of executives from heavy industries. He wasted no time in d...

It's been one hell of a week for EU energy markets.

Even before the Iran war, energy was a major concern in Europe and now that weakness has been brutally exposed once again.

Read the weekend story from myself and @albertonardelli.bsky.social 👇

www.bloomberg.com/news/article...

IEA Ready to Stabilize Oil Market Hit by Iran War, Document Says The International Energy Agency is ready to help stabilize the global oil market in the wake of the Iran conflict, noting that member countries hold over a billion barrels in emergency stockpiles, acc...

NEW: The IEA is ready to help stabilize the global oil market in the wake of the Iran conflict, noting that member countries hold over a billion barrels in emergency stockpiles, according to a document prepared by the agency and seen by Bloomberg News

www.bloomberg.com/news/article...

Une deuxième journée sans voiture, un nouveau stade pour l’Union… les mesures insolites de l’accord bruxellois Alors que le gouvernement bruxellois devrait être définitivement intronisé samedi, les premiers éléments de l’accord commencent à être détaillés. Et certains surprennent…

Is there some hope on the horizon for open-air swimming in Brussels with the formation of the new Brussels government?

It gets a mention in the deal, at least: Brussels will continue deliberations on "several" projects.

www.lesoir.be/728689/artic...

Trump’s Trade Barbs Won’t Push EU Closer to China, Hoekstra Says The European Union must resist China’s pull in clean technologies, even as it confronts the reality that deteriorating relations with the US may be “permanent,” according to the bloc’s climate chief.

The EU must resist China’s pull in clean technologies, even as it confronts the reality that deteriorating relations with the US may be “permanent,” @wopkehoekstra.ec.europa.eu told Bloomberg 👇

www.bloomberg.com/news/article...

European EV sales overtake petrol for first time in December Sales reached record high last year despite fall at Tesla and pressure to soften EU targets

This feels like a tipping point: European EV sales overtake petrol for the first time

www.ft.com/content/1d3b...

EU to Abandon Combustion Engine Ban in Win For Carmakers The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry.

The EU is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry.

www.bloomberg.com/news/article...

Europe to Bolster Carbon Border Levy Criticized by US and China The European Union plans to expand an incoming emissions charge on imported goods as part of efforts to strengthen a flagship climate policy that’s aimed at protecting the bloc’s industries during the...

NEW: The EU will propose measures to extend its carbon border levy, known as CBAM, to some assembled goods such as cars and washing machines to help close loopholes, according to a draft we've seen.

It will also create a new fund to help exporters. More below 👇

www.bloomberg.com/news/article...

EU Mulls Five-Year Reprieve for Hybrid Cars From Combustion Ban The European Union is weighing a five-year delay to its effective ban on the combustion engine after heavy pressure from some of the region’s biggest automotive countries.

NEW: The EU is weighing a five-year delay to its effective ban on the combustion engine after heavy pressure from some of the region’s biggest automotive countries.

More here 👇

www.bloomberg.com/news/article...

A Decade After Paris, Climate Diplomacy Is About Saving Itself The outcome of the COP30 summit in Brazil kept multilateralism alive while barely pushing forward the promise of combatting global warming.

And so #COP30 has wrapped and so has our coverage.

Here's our last story all about how two weeks of frenzied negotiations over the planet’s faltering fight against climate change had come down to this: a pre-dawn battle over shifting away from fossil fuels.

www.bloomberg.com/news/feature...

UK’s Miliband ‘Optimistic’ on COP30 Deal After Talks Drag On Ed Miliband, UK secretary of state for energy security and net zero, said he was “optimistic” that a United Nations climate deal was in reach that would strengthen ambition in the fight against global...

🚨 SCOOP

After overnight talks, it seems a deal at COP30 is close

By @johnainger.bsky.social @jendlouhy.bsky.social

🎁🔗
www.bloomberg.com/news/article...

Brazil Draft COP30 Climate Deal Omits Plan to Exit Fossil Fuels Brazil presented the COP30 climate summit with a draft deal early Friday that omits any reference to exiting fossil fuels amid stiff resistance from producing countries, setting the stage for frantic ...

Brazil presented the #COP30 climate summit with a draft deal early Friday that omits any reference to exiting fossil fuels amid stiff resistance from producing countries, setting the stage for frantic final round of negotiations

More here 👇

www.bloomberg.com/news/article...

A fire erupted inside the packed United Nations climate summit in Belém, Brazil forcing a panicked evacuation of thousands of delegates just as negotiations reached their final hours

www.bloomberg.com/news/article...

Bill Gates Rebuked by Island States for Downplaying Climate Risk Nations among the most vulnerable to the damage wrought by global warming have decried the recent memo by Bill Gates criticizing a “doomsday view of climate change.”

Nations among the most vulnerable to the damage wrought by global warming have decried the recent memo by Bill Gates criticizing a “doomsday view of climate change”

More here 👇

www.bloomberg.com/news/article...

Turkey Beats Australia in Race to Host UN Climate Talks in 2026 Turkey is set to host the flagship United Nations climate change conference next year, beating a rival proposal from Australia following a protracted contest between the two countries.

NEW: Turkey is set to host the flagship United Nations climate change conference next year, beating a rival proposal from Australia following a protracted contest between the two countries

We report the details here 👇

www.bloomberg.com/news/article...

Fossil Fuel Transition Emerges as Key Climate Fight in Brazil The thousands of protesters who brought traffic to a halt Saturday in the Brazilian city of Belém implored leaders to act faster to tackle global warming. As United Nations climate talks enter their c...

We're into week 2 at #COP30.

Over the next few days we'll see whether support for a roadmap to transition away from fossil fuels can get enough support from countries, or be blocked by producer nations:

www.bloomberg.com/news/article...

UN Orders Brazil to Improve Security, Poor Conditions at COP30 A top UN climate official demanded Brazilian authorities immediately develop a plan for addressing security lapses, soaring temperatures, flooding and other poor conditions at the COP30 conference in ...

UNFCCC's Simon Stiell demanded, in a letter seen by Bloomberg, that Brazilian authorities immediately develop a plan for addressing security lapses, soaring temperatures, flooding and other poor conditions at the #COP30 conference in the city of Belém

www.bloomberg.com/news/article...

Who’s Who Inside Negotiating Rooms at the COP30 Climate Summit Delegates from nearly 200 countries have gathered in Belém in the Brazilian Amazon for the United Nations’ COP30 climate conference, running through Nov. 21.

#COP30 has begun in earnest and negotiators will now spend the next two weeks of climate talks in a game of chess.

Here are the key players:

www.bloomberg.com/news/article...

COP30: Trump, Xi, Modi Skip Climate Change Talks UN Secretary-General António Guterres said overshooting 1.5C of warming, even temporarily, will result in more hunger and loss.

Brazilian President Lula foreshadowed a potential effort to move beyond the commitment countries made two years ago to “transition away from fossil fuels.”

"We need road maps," he told world leaders at the #COP30 leaders summit.

www.bloomberg.com/news/article...

The World Is Ignoring Its Pledge to Shift Away From Fossil Fuels At the COP28 climate summit in Dubai two years ago, countries reached a first-of-a-kind agreement to transition their economies away from fossil fuels.

In Dubai two years ago, countries reached a first-of-a-kind agreement to transition away from fossil fuels.

Yet none of the roughly 60 countries that have submitted an updated climate pledge since then have put in place targets to reduce oil and gas production.

www.bloomberg.com/news/article...

Join myself and key members of the Bloomberg News team covering #COP30 at the top of the hour 👇

EU Nations Close In on Deal to Ban Russian Gas by End of 2027 European Union energy ministers agreed a joint position on plans to ban all gas supplies from Russia by the end of 2027, as the bloc looks to definitively end its reliance on energy from Moscow.

EU energy ministers struck a deal on plans to ban all gas supplies from Russia by the end of 2027, as the bloc looks to definitively end its reliance on energy from Moscow.

Talks with parliament on the final outcome can now begin.

www.bloomberg.com/news/article...

EU Considers Forced Tech Transfers for New Chinese Investments The European Union is considering forcing Chinese firms to hand over technology to European companies if they want to operate locally, in an aggressive new push to make the bloc’s industry more compet...

❗️SCOOP: EU considering strict conditions such as tech transfers, joint ventures for Chinese investments in Europe in some key sectors, we’re told, as Europe increases pressure on Beijing to rebalance economic relations
- with @johnainger.bsky.social

www.bloomberg.com/news/article...

Six Ways the COP30 Climate Summit Can Succeed or Fail When Brazil was named host of the COP30 climate summit two years ago, it was seen as the perfect celebration of the 10th anniversary of the Paris Agreement, where nations pledged to keep climate chang...

Nearly 200 countries are set to gather at the gates of the Amazon rainforest next month for #COP30

Here's how it could succeed or fail

www.bloomberg.com/news/article...

EIB Weighs Ending 40-Year Nuclear Hiatus With Reactor Investment The European Investment Bank is exploring investing in nuclear power on the continent for the first time in four decades as political opposition to the technology fades, according to people familiar w...

NEW: The EIB is exploring investing in #nuclear power on the continent for the first time in four decades as political opposition to the technology fades

www.bloomberg.com/news/article...

So sad :(

Brazil Lobbies EU, China to Join COP30 Carbon Market Coalition Brazil is trying to build a coalition of countries, including the European Union and China, to unify carbon markets globally as it prepares to host this year’s COP30 climate summit.

NEW: Brazil is trying to build a coalition of countries, including the EU and China, to unify carbon markets globally as it prepares to host this year’s COP30 climate summit

www.bloomberg.com/news/article...

EU Proposes Another One-Year Delay to Landmark Deforestation Law The European Commission, the bloc’s executive branch, will seek to again delay the implementation of its landmark law to tackle deforestation, according to Jessika Roswall, the bloc’s environment comm...

The commission is yet again set to propose a one-year delay of the EU's deforestation law, blaming an IT overload as companies submit their paperwork.

It could open the door to further "simplifications" of the regulation, with EPP pushing for a zero-risk category.

www.bloomberg.com/news/article...

Exxon Halts €100 Million Recycling Investments Due to EU Rules Exxon Mobil Corp. is shelving investments in chemical recycling in Europe due to what the energy giant says are overly restrictive rules on plastics.

Exxon is shelving €100 million investments in chemical recycling in Europe due to what the energy giant says are overly restrictive rules on plastics

www.bloomberg.com/news/article...