In brief | 2 February '25
Bloomberg:
Germany’s parliament has extended a support scheme for some gas plants by four years to 2030, in a law hurried through just before the general election on Feb. 23.
Reuters:
European Commission chief Ursula von der Leyen hosted auto sector executives, unions and interest groups to debate how to help EU car producers electrify their fleets and take on more advanced Chinese and U.S. rivals at the same time.
Bloomberg:
The 30-year trend of integration and liberalisation of the region’s electricity market is at risk.
FT:
Governments and banks will struggle to cope with the soaring costs of natural catastrophes such as floods and wildfires, the EU’s top insurance regulator has warned.
Reuters:
The gas price cap introduced by the European Union during its 2022 Russian gas crisis expired on Friday (31 January), having not been triggered since its inception.
