The bank's research says volatile oil prices and surging electricity demand highlight the urgent need for a diversified energy mix to safeguard economic and energy security. The need for diversified energy sources is rapidly reshaping global power generation. Renewables and advanced technologies are projected to supply the majority of global electricity by 2100. Overall, increased global investment in renewables, including nuclear, solar and wind, is paving the way for a more stable and resilient future.
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IEA publishes 2026 Energy Crisis Policy Response Tracker
The conflict in the Middle East has triggered an unprecedented disruption to global fuel markets, tightening supply and placing significant pressure on consumers and economies worldwide. In response, the IEA has launched its largest ever release of emergency oil stocks and also published a menu of demand-side measures that governments, businesses and households can take to shelter consumers from oil price pressures and support energy security.
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Octopus Energy Generation makes nearly €600m European wind push
Octopus Energy Generation, one of Europe’s largest specialist renewables investors, is making a major Europe-wide push into the wind energy market, acquiring 321MW onshore wind farms across 17 sites. Its fund management team has invested €584m in wind farms in France, Germany and Poland, on behalf of the Sky fund it manages, accelerating homegrown power across key European markets. These wind farms will generate enough clean power for over 250,000 homes.
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UK Infinity Fusion Consortium to accelerate UK fusion power plant
Type One Energy, Tokamak Energy and AECOM have announced the UK Infinity Fusion Consortium to pursue development of the first private-sector-led fusion power plant project in the United Kingdom. Together, the companies intend to develop a fusion project that is commercially credible, deployable using existing enabling technologies, and capable of attracting private capital.
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Record heatwaves while glaciers shrink and snow cover declines
Rapid warming in Europe is reducing snow and ice cover, while dangerously high air temperatures, drought, heatwaves and record ocean temperatures are affecting regions from the Arctic to the Mediterranean. Europe, along with many other regions of the globe, is exposed to increasing impacts – from record heatwaves on land and at sea, to devastating wildfires, and continuing biodiversity loss – with consequences for societies and ecosystems across Europe.
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War spending could help close the climate funding gap
Military spending has been increasing for more than a decade, reaching $2.7tr in 2024 and $2.88tr in 2025. Meanwhile, there is a $4tr dollar shortfall in funding needed to achieve the world’s Sustainable Development Goals and, of that, a $2tr funding gap for climate and energy transition action.
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Solar surge halts fossil generation rise as renewables overtake coal
Record solar growth meant clean power sources grew fast enough to meet all new electricity demand in 2025, thereby preventing an increase in fossil generation, according to Ember’s seventh annual Global Electricity Review . This was the first year since 2020 without an increase in electricity generation from fossil fuels and only the fifth year without a rise this century.
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Climate progress: from net-zero ambitions to the Paris Agreement goal
Climate targets require strong commitments from countries to be achieved. Using a multi-model analysis, new research shows that current net-zero pledges bring the world closer to a well-below 2 °C pathway, but an emission gap remains. Increasing ambition will be crucial: expanding the global coverage of net-zero pledges and speeding up action increases consistency with the Paris Agreement (1.5–2.0 °C range in model mean).
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Plan to scale hydrogen production from end-of-life oil fields
As demand accelerates for scalable, cost-effective hydrogen, Eclipse Energy and Wood have signed a memorandum of understanding (MOU) to collaborate on the commercialisation and global deployment of subsurface hydrogen production. The partnership comes as Eclipse transitions from technology validation to commercial execution, with multiple projects progressing this year.
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New coalition to set sustainability standards for AI data centres
Clear, credible benchmarks for sustainable data centre are being developed through the Greening AI Data Centres Coalition (GADCC). The coalition brings together nine of the world’s leading built environment, sustainability and finance organisations in response to the rapid global growth of AI-driven data centres and the increasing pressures these facilities place on energy systems and networks, water resources and local communities.
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Action on aerospace is part of the Commission’s Accelerate EU
Because the conflict in the Middle East is heavily impacting global energy markets, with a knock-on effect on the economy, industry and households, the Commission is taking specific action with notable measures in relation to the transport sector. To ensure sufficient availability of transport fuels and preserve the effective functioning of the single market, the Commission will step up European coordination on the optimisation of fuel distribution across Member States.
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Commission acts to protect Europeans from the fossil energy crisis
AccelerateEU is the Commission's toolbox to bring immediate relief to European households and industries, especially the most vulnerable ones, while putting Europe on a steady pathway to energy independence. Since the escalation of the conflict in the Middle East, the EU has spent an additional €24bn on energy imports due to higher prices – without receiving any extra energy.
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UK Government to reduce impact of gas prices on electricity costs
The UK Government is setting out new measures to reduce the impact that volatile gas prices have on the price of electricity. These measures will further reduce the share of electricity exposed to gas price shocks and provide generators the economic incentive to move on to fixed contracts not linked to volatile gas. This will be done by two means.
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Eurostat identifies significant increase in fuel prices in March 2026
UUntil February 2026, the price of fuels and lubricants for personal transport in the EU was generally decreasing, for the EU average and for most of EU countries. However, it increased significantly in March 2026, according to Eurostat. In March 2026, the price of fuels and lubricants in the EU increased by 12.9% compared with March 2025.
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World Bank Group to improve water security for 1bn people
The World Bank Group, in partnership with multilateral development banks, development finance institutions and key partners, has launched Water Forward, a global platform to help improve water security for 1bn people by 2030. The platform will align policy reforms, financing, and partnerships to expand reliable water services and strengthen systems against droughts and floods, essential conditions for job creation.