Last week saw the highest weekly EU LNG imports ever recorded.
Total weekly gas imports also hit their highest levels since early 2023.
06.03.2026 13:33
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Last week saw the highest weekly EU LNG imports ever recorded.
Total weekly gas imports also hit their highest levels since early 2023.
After a harsh winter, spring finally seems to be taking hold for the Ukrainian electricity system.
greendealukraina.org/gd-tracker/s...
Last week saw the highest weekly EU LNG imports ever recorded.
Total weekly gas imports also hit their highest levels since early 2023.
Getting the market to store gas in Europe for this winter will be difficult if - as todays futures curve suggests - buying next month is always cheaper than buying this month.
For some(?) reason, capacities only include bigger plants (>1 MW I believe) while generation includes all plants.
It would be really great, if Entso-E generation data and capacity data would be consistent - especially for solar.
Because of different data-definitions, production in sunny hours can be twice the capacity.
French Treasury paper highlights the benefits of electricity interconnectors & argues:
- Within &between country transfers might be useful to get incentives right
- Value of add. domestic transmission should be considered
- EU coordination to reduce cost
www.tresor.economie.gouv.fr/Articles/202...
TTF natural gas prices jumped today by about 20% for deliveries this year:
[for following years increase is much smaller]
You did not miss much in the morning ... at least relative to predictions that a closure of Hormuz can push TTF towards 90€/MWh.
bsky.app/profile/gzac...
TTF natural gas prices jumped today by about 20% for deliveries this year:
[for following years increase is much smaller]
OPEC+ decided today to increase oil production by 206,000 barrels per day from April 2026 - mentioning low oil stocks and economic growth - but avoiding any reference to Iran.
www.opec.org/pr-detail/16...
A graph of US data center construction, rising from $15B to $45B
US data center construction rose to a new record high in data released today, exceeding a $45B annualized rate (and this only includes the data center facilities, not the expensive computers within)
Growth has slowed slightly, but investment is still up 30% over the last year
The Trump family’s media group is weighing plans to spin off the Truth Social social media platform that is extensively used by Donald Trump, as it seeks to reposition itself as a major player in nuclear energy.
You can have no idea where this sentence is going as.ft.com/r/4860d9c4-7...
Canada
Michael Pahle, Darius Sultani, and I published a new Bruegel Policy Brief on the EU Climate Architecture.
The full paper explores several important aspects in quite some detail, so I thought I’d highlight a few key points here: 1/12
www.bruegel.org/policy-brief...
Hence, simplicity & flexibility help lower decarbonization costs - without undermining the fight against climate change.
and here the full paper: www.bruegel.org/policy-brief... 12/12
We see this dynamic architecture as a high-level target model. It can serve as guidance for specific compliance policies. A clear pathway to an efficient system reduces uncertainty & lowers risk premia. 11/12
Concretely, we propose using the well-developed ETS as the host system, with a four-step approach to gradually integrate other compliance mechanisms (see Figure 5).
10/12
The way out from ever more complex fragmentation is a predictable paths for convergence over time. If credible, this will correct prices of mitigation resources, & discourage investments in inefficient arbitrage.
-> better use of mitigation resources
-> lower administrative costs 9/12
... But as compliance cost diverge, market participants use increasingly sophisticated ways to short-circuit diverging systems – causing policymakers to come up with increasingly complex, bureaucratic and hence costly policies to prevent arbitrage (see Figure 3). 8/12
This system is inefficient for two reasons:
First, resources might be inefficiently used in sectors with high compliance cost, even though they could have enabled more mitigation in sector they were drawn from.
Second, policymakers try to defend the initial fragmentation for various reasons...
This makes it increasingly attractive to shift resources used for mitigation, from sectors with low compliance cost, to sectors with high compliance cost. And there are a lot of resources that can be used for such “arbitrage” (see Figure 2). 6/12
There have been good economic, political and social reasons for introducing this complex fragmentation in the first place. But as decarbonisation in individual sectors proceeds at different speed, compliance cost diverges. 5/12
Greenhouse gas emissions in the EU face very different rules and prices, depending on who generates them (see Figure 1). 4/12
Making the system more cost-effective allows the EU to sustain ambition while lowering costs. To achieve this, we must
- move from increasing fragmentation of the current climate architecture
- toward simplifying the system and increasing its flexibility.
Lowering the cost of climate policies is becoming an important theme in EU political discourse. Often, though, it is used as a euphemism for lower ambition
Reneging on EU climate goals raises risk premia for low-carbon investments, & fuels a global dynamic of resignation in face of climate change.
Michael Pahle, Darius Sultani, and I published a new Bruegel Policy Brief on the EU Climate Architecture.
The full paper explores several important aspects in quite some detail, so I thought I’d highlight a few key points here: 1/12
As a rare climate scientist working in Silicon Valley, I've been drinking from the AI firehose a lot more than my peers. I thought it would be helpful to lay out my experiences of both the promise and pitfalls of using AI to accelerate scientific research:
🌳Defragmenting European Union climate policy
Simplification without carbon price convergence risks deeper fragmentation, higher costs and weaker credibility for the EU’s climate target
✒️Michael Pahle & Darius Sultani @pik-potsdam.bsky.social , @gzachmann.bsky.social
🔗 buff.ly/jPO2lLj
#EconSky