Europe struggles with energy transition
Credit: Jens Cederskjold/Flickr

Europe struggles with high energy costs and fading industries

European manufacturers are facing a new normal of high energy costs, while global competitors thrive on cheaper power.

Carlo Martuscelli and Victor Jack report for Politico.


In short:

  • European industries are struggling to compete due to energy prices that are double those in the U.S., driven by a shift from Russian gas to expensive liquefied natural gas.
  • Key sectors like chemicals and steel are declining, with companies closing plants and cutting jobs across the EU.
  • Policymakers are warning that without major changes, European industry risks becoming irrelevant, while renewable energy won't bring relief until at least the mid-2030s.

Key quote:

“For the first time since the Cold War, we must genuinely fear for our self-preservation.”

— Mario Draghi, former European Central Bank chief

Why this matters:

Energy prices have long-term effects on health and economy. As Europe pivots from fossil fuels, the transition is hurting industries that supply essential goods like pharmaceuticals and microchips, with ripple effects across global markets. Factories are going dark, layoffs are looming, and policymakers are sounding the alarm. Read more: In the race for clean energy, the US is both a leader and a laggard — here’s how.

The fossil fuel industry is disproportionately harming low-income and minority women: Report

The fossil fuel industry is disproportionately harming low-income and minority women: Report

“Women, in all of their diversity, must be at the center of climate and energy decision-making.”

HOUSTON — Black, Latine and Indigenous women are disproportionately suffering from the fossil fuel industry in North America, according to a new report.

Keep reading...Show less
Senator Whitehouse & climate change

Senator Whitehouse puts climate change on budget committee’s agenda

For more than a decade, Senator Sheldon Whitehouse gave daily warnings about the mounting threat of climate change. Now he has a powerful new perch.

Judge halts methane regulation in five states over states' rights dispute

The Biden administration’s new methane rule was blocked by a federal judge in North Dakota, who ruled that it infringes on state authority in five states.

Lesley Clark reports for E&E News.

Keep reading...Show less

Floods displace nearly a million in West and Central Africa

Severe floods in West and Central Africa have killed more than 1,000 people and displaced close to a million, with entire communities submerged and aid falling short.

Ruth Maclean and Ismail Alfa report for The New York Times.

Keep reading...Show less

The Hague makes history by banning fossil fuel ads

The Hague has passed the world’s first law prohibiting advertisements promoting fossil fuel products and high-carbon services like aviation and cruise ships.

Isabella Kaminski reports for The Guardian.

Keep reading...Show less

Big Oil partners with clean energy to advance geothermal energy

Major oil companies are joining forces with startups and scientists to use oil industry technology to accelerate geothermal energy, which could become a key source of clean, on-demand power.

Saul Elbein reports for The Hill.

Keep reading...Show less
Urban heat forest planting
Credit: Brent Moore/Flickr

Louisville uses trees to tackle urban heat and health disparities

A decade after Louisville became the fastest-growing urban heat island in the US, a groundbreaking study shows that planting trees in underserved areas leads to health improvements by lowering inflammation rates among residents.

Linda Baker reports for Bloomberg.

Keep reading...Show less
From our Newsroom
homelessness climate change

Op-ed: People need shelter from climate change — their health hangs in the balance

The discourse on climate resilience must include affordable housing policy solutions.

U.S. Steel Pennsylvania pollution

As Biden prepares to block the sale of U.S. Steel to Nippon Steel, pollution concerns persist in Pennsylvania

“Pennsylvania steel communities have lived with dangerous air quality for generations. That needs to end.”

environmental justice

LISTEN: Elijah Hutchinson on New York City’s push for climate justice

"Environmental justice itself is for the first time in the title of the climate office."

CNX Shapiro fracking

A Pennsylvania fracking company with more than 2,000 environmental violations selected for federal environmental justice funding

CNX Resources is slated to receive Justice40 dollars for self-monitoring. Health and justice advocates are outraged.

Cancer Alley Louisiana

Op-ed: “I’m sorry, I can’t hear you” — disabling environments in Cancer Alley and the Ohio River Valley

For communities plagued by energy extraction and petrochemical buildout, struggles of environmental justice often fall on deaf ears.

Stay informed: sign up for The Daily Climate newsletter
Top news on climate impacts, solutions, politics, drivers. Delivered to your inbox week days.