In brief | 14 April ‘26

IEA, IMF, World Bank: Iran war impact is "substantial, global, and highly asymmetric, disproportionately affecting energy importers" 

Institutions issue joint statement after forming coordination group to assess and mitigate conflict's consequences.

Reuters: Iran war upends IEA's oil market outlook as global supply and demand to contract in 2026 

International Energy Agency now predicts an 80,000-barrels-per-day (bpd) drop in demand growth this year, from a 640,000-bpd rise in its ​March report.

The Guardian: Interest in EVs surges in Europe as fuel prices jump after Iran war 

Demand at online marketplaces could settle at a new, higher normal, with the crisis leaving consumers ‘scarred’.

Bloomberg: Microsoft staff tell carbon removal projects that deals paused 

Company scheme is currently the world’s biggest program for financing the extraction of CO2 from the atmosphere.

European Commission: EU approves €1.3 billion German State aid scheme for rewetting of farmed peatlands

Support aimed at measures for permanent rewetting and for subsequent agricultural and forestry use at elevated water levels.

Eurelectric: A derisking guide to close Europe’s clean energy investment gap 

In a new position paper, Eurelectric warns that up to 500 billion euros in annual investment are missing and calls for urgent action to restore investor confidence and unlock private capital.

Fraunhofer IMM: From concept to first test drive: pure ammonia propulsion realised for the first time 

Implementation is the result of years of development work, marks a milestone for more climate-friendly propulsion technologies, the research institute said.