Countries around the world have intervened to limit the economic impact of diminished energy supplies and soaring fuel prices since the start of the Iran war, according to the Organization for Economic Cooperation and Development. Seven of the 10 nations working most actively to contain the economic damage are in the European Union, the OECD said in a report. “It’s a cruel irony that the U.S. is the least vulnerable to a crisis of its own making, while Europe’s economy again

Here is a look at what the European Union is contemplating to bolster its energy security and minimize the impact of future conflicts as it turns to Gulf states and India. European Commission President Ursula von der Leyen has expressed renewed interest in what is known as the India-Middle-East-Europe Economic Corridor. While the EU itself has supported IMEC through a memorandum of understanding, only a handful of its 27 member states are formal signatories. But behind the sc

Record growth in solar, especially in China and India, was a driving factor for clean energy sources surpassing the world’s strong demand for electricity in 2025, according to a new global power analysis. Last year also marked the first time this century that both China and India—historically major contributors of fossil power—saw declines in fossil fuel generation. In China, the decline was 0.9%, or 56 terawatt hours, and in India, 3.3%, or 56 terawatt hours. China led the g

Renewable energy overtook coal as the world’s leading source of electricity in the first half of this year—a historic first, according to new data from the global energy think tank Ember. In the US, electricity demand grew faster than clean energy output, increasing reliance on fossil fuels, while in the EU, months of weak wind and hydropower performance led to a rise in coal and gas generation. In a separate report the IEA has halved its forecast for the growth of renewable