In brief | 29 July '25

FT: Donald Trump’s EU oil and gas deal is ‘pie in the sky’, energy experts warn

Analysts say Brussels’ vow to buy 750 billion dollars of US energy as part of trade deal will be impossible to meet.

Politico: EU admits it can’t guarantee $600B promise to Trump

Extra investments pledged under the trade deal would come from private companies, which Brussels has no power to control. 

Reuters: Germany plans to cut energy costs by 42 billion euros

Draft budget shows envisaged cuts for consumers, businesses between 2026 and 2029.

Euractiv: Polish climate ministry dampens excitement over recent oil find

Extraction can begin only after a bureaucratic process expected to take “several years”, ministry says.

Nature Climate Change: Wind droughts threaten energy reliability

New study shows that climate change may make wind power less reliable.