Has Eurozone inflation peaked? Plus other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Has Eurozone inflation peaked? Eurozone inflation eased far more than expected in November, raising hopes that surging price growth is past its peak. But the European Central Bank’s (ECB) top names […]

3 charts that show the state of Europe’s energy crisis right now

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content Russia’s invasion of Ukraine and the subsequent curtailment of gas flows to Europe has pushed international prices to new highs, with market turbulence expected to continue in 2023, according to the International Energy […]

Europe is bolstering energy sector resilience. But cyber risk remains a major vulnerability

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Akshay Joshi, Head of Industry and Partnerships, Centre for Cybersecurity, World Economic Forum, Spencer Feingold, Digital Editor, World Economic Forum Russia’s war in Ukraine has created one of the most significant energy crises in Europe in recent memory. […]

3 charts that show the state of Europe’s energy crisis right now

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content Russia’s invasion of Ukraine and the subsequent curtailment of gas flows to Europe has pushed international prices to new highs, with market turbulence expected to continue in 2023, according to the International Energy […]

Europe’s ‘green energy corridor’ plan: What you need to know about the global energy crisis this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Roberto Bocca, Head of Shaping the Future of Energy and Materials; Member of the Executive Committee, World Economic Forum, Stefan Ellerbeck, Senior Writer, Formative Content 1. News in brief: Energy stories from around the world Ukrainians are facing […]

3 ways to improve recycling behaviour and boost the circular economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Shannon Bouton, President and CEO, Delterra, Alina Gabdrakhmanova, Global Insights Manager, Delterra, Cynthia Shih, Senior Advisor, Delterra, Jeremy Douglas, Director of Partnerships, Delterra Global recycling rates are disappointingly low at 16%. Recycling behaviour changes are key to the […]

Your data could warm you up this winter, here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content Tech companies are using the data centres that house their vast servers to heat homes and cut CO2. The data-centre heating market could be worth $2.5 billion by 2025, according to recent forecasts […]

Europe’s source of ‘energy security’ is facing headwinds. This is why 

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum The Nord Stream 1 gas pipeline normally provides much of Europe’s energy but it was recently throttled. This supply cut is seen as Russia’s response to sanctions applied following […]

What is ‘Phase Down Finance’ and why it’s better than divestment to achieve decarbonization

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emily Tyler, Climate Policy Lead, Meridian Economics & Celeste Renaud, Analyst, Meridian Economics Divestment from emitting assets doesn’t necessarily lead to their closure, leaving a gap in low carbon investment strategies. Phase Down Finance can assist in managing […]

How energy efficiency can break Europe’s gas addiction

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Philippe Delorme, Executive Vice-President and Chief Executive Officer, Europe Operations, Schneider Electric The new REPowerEU plan tries to reconcile the need to reduce dependency on Russian gas with Europe’s climate targets. Yet more can be done to maximize […]

Going green could save Europe €1 trillion in fossil fuel costs

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Formative Content Modelling by think-tank Ember suggests the potential for decarbonizing Europe’s power system. It could be 95% by the middle of the next decade – at no extra cost – researchers found. The fossil […]

9 ways for Europeans to cut energy bills and help Ukraine

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content A new report outlines nine steps to reduce energy use in the EU. This would not only cut energy bills at a time of soaring prices, but help Ukraine by stemming the […]

What is the EU doing to end its reliance on Russian energy?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Russia is the EU’s leading supplier of oil, gas and coal imports. But the EU has a plan to end its dependence on Russian energy by 2030. Accelerating the switch to renewable […]

How much will it cost Europe to switch to clean energy by 2050?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content Europe could free itself from fossil fuels by 2050, according to a new report from BloombergNEF. However, it will require $3.8 trillion of investment in mostly wind and solar projects. And another […]

How did one European country free itself from Russian gas?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum Lithuania recently announced it no longer needs Russian gas imports. Many countries aim to cut energy ties with Russia after its invasion of Ukraine. This shift points a new […]

The European Union’s road to sustainability – how each EU state is doing

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content The SDGCountry Scores tool from Eurostat shows whether European Union countries are making progress on global sustainable development goals. Countries are measured compared with the EU average and whether they have made […]

China joins list of nations banning the sale of old-style fossil-fuelled vehicles

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content From 2035, the only new cars for sale in China will be ‘new-energy’. In parts of Europe, similar rules are coming on stream earlier. The US is lagging behind – only California […]

This is Germany’s $45 billion, 18-year plan to move away from coal

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johnny Wood, Senior Writer, Formative Content Germany has said it will phase out coal by 2038 as it looks to renewable energy sources for its power generation. A $45 billion compensation fund will assist the closure of lignite […]

4 innovative renewable energy projects powering Europe’s green future

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content Between 2007 and 2017, the volume of renewable energy produced in the European Union’s 28 member states rose by 64%. That energy comes from diverse sources, from the burning of wood and biomass […]

Could the EU’s ban on palm oil in biofuels do more harm than good?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Shareen Shariza Abdul Ghani, Director and co-founder, Sorga Ventures In an era where trade wars and tariffs are commonplace, it is often the case that developing countries are held to double standards by Western nations. Commodities are among the […]

This brewery is ditching plastic six-pack rings to save marine life

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Fancy a beer? If you’re picking up a six-pack, stop and look at the packaging. About 100,000 marine creatures die every year after becoming entangled in ocean plastic waste, according to the WWF. […]

Turning Europe into a giant wind farm could power the entire world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Torkington, Formative Content On windy days, Europe’s growing number of wind farms can run entire nations on clean energy. But what if there were turbines in every potential location? Scientists have calculated that in such a scenario – […]

EU-Turkey relations: EU considers imposing sanctions while Turkey keeps violating Cyprus’ sovereignty

Turkey continues violating the sovereignty rights of Cyprus by conducting a new illegal drilling operation on the northeast of the island. The EU had already urged Turkey last month to stop its gas drilling in waters around Cyprus. Thus the EU bloc will now have to intervene to resolve such disputes. However, Turkey kept on […]

Superconductors: the miracle materials powering an energy revolution

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Suchitra Sebastian, Associate Professor, Department of Physics, Cavendish Laboratory, University of Cambridge Imagine a world where ultra-fast levitating trains zip between destinations, where wind energy from the North Sea and solar energy from the Sahara power the electric […]

From cheeseburgers to coral reefs, the science of decision-making can change the world

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Mark Dodgson, Director, Technology and Innovation Management Centre, University of Queensland Business School & David GannVice President, Imperial College Daniel Kahneman, the psychologist who won the Nobel Prize in Economics, credits some recent public policy successes to the […]

More than one billion people do not have access to electricity. What will it take to get them connected?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Peter LyonsCommunity Lead, Technology, Media, and Digital Industries, World Economic Forum & Frank RayalPartner, Xona Partners The United Nations’ Sustainable Development Goal 7 centres around achieving access to affordable, reliable and sustainable modern energy for all by 2030. […]

EU opens investigation into Qatar Petroleum over potentially restrictive gas contracts

Margrethe Vestager, EU Commissioner in charge of competition policy, during a recent press conference in Brussels / Berlaymont. (Copyright: EU, 2018 / Source: EC - Audiovisual Service / Photo: Jennifer Jacquemart)

Last week, the European Commission has announced it has opened a formal investigation against Qatar Petroleum over supply agreements that appeared to be restrictive for European buyers. In particular, the EU watchdog’s probe was launched to assess whether supply agreements between Qatar Petroleum, the bloc’s biggest sea-borne gas supplier, and European importers of liquefied natural […]

How smart tech helps cities fight terrorism and crime

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Robert Muggah, Research Director, Igarapé Institute Today’s cities are on the frontline of crime and terrorism. While some of them are clearly more at risk than others, all of them are vulnerable. Not surprisingly, cities are experimenting with […]

This is how people in Europe are helping lead the energy charge

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Rob Smith, Formative Content. The views expressed in this article belong to the author and not necessarily to The European Sting. Denmark generated 74% of its energy from renewable sources in 2017, making it a world leader in renewable […]

EU’s Bank signs € 150 million loan to India as part of record investment in clean energy

The European Investment Bank (EIB) last Saturday has signed a new € 150 million long-term loan with the Indian Renewable Energy Development Agency (IREDA), to support renewable energy investment across India. The loan was approved and signed by EIB’s President Werner Hoyer, the day before he also attended the International Solar Alliance summit in New […]

Gazprom starts suspending gas contracts with Ukraine as Brussels fears limited transit to Europe

Sudzha gas metering station at Russian-Ukrainian border (Copyright: Gazprom, 2015 / Gazprom’s website, Media)

Russian gas giant Gazprom announced on Saturday it has officially started the procedure of terminating contracts on gas supplies and transit with Ukraine. The move came after a Stockholm arbitration court ordered Gazprom last week to pay more than $2.5 billion to Ukrainian energy firm Naftogaz. The Stockholm ruling, which represents the last act of […]

EU Investment Bank approves € 1.5bn loan for Trans Adriatic Pipeline (TAP)

Gas pipeline in the European Union. (Copyright: EU, 2012 / Source: EC - Audiovisual Service / Photo: Ferenc Isza)

Last week, the European Investment Bank (EIB) approved a € 1.5 billion loan for the Trans Adriatic Pipeline (TAP), a pipeline project to ship gas from Azerbaijan to Italy via Greece and Albania. The funding is part of a € 40 billion project to bring new gas supplies to Europe, the Southern Gas Corridor, and […]

Energy Union: EU’s effort towards a cleaner climate with integrated energy market

The European Commission published its third annual energy report last Friday showing the progress that has been made so far since the last report in February of this year. Many policies’ amendments have been proposed for the next decade towards a greener environment and a more harmonised EU gas market. The majority of the EU […]