In brief | 2 February '25

Bloomberg: Germany opens way for gas beyond 2035 with subsidy extension

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: EU kicks off auto support plan as carmakers blast fines

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: Why Norway’s political crisis is a European energy problem – opinion

The 30-year trend of integration and liberalisation of the region’s electricity market is at risk.

FT: Europe ‘can’t cope’ with extreme weather costs, warns insurance watchdog

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: EU removes energy crisis gas price cap

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.