In brief | 29 October ‘26

Reuters: EU energy ministers to discuss soaring fuel prices as winter looms

European gas prices briefly touch 100 euros per megawatt hour for first time since December 2022.

Bloomberg: High demand for gas turbines is pushing out deliveries to 2031, Mitsubishi power says

Demand for natural gas turbines is outpacing manufacturing capacity, leading to increased wait times, according to one of the world’s top makers of the power generation equipment.

Euronews: Germany and Japan strengthen economic ties as global tensions rise

Germany and Japan are examining closer collaboration in key sectors such as critical raw materials, semiconductors, batteries, electric cars, industrial AI, robotics, pharmaceuticals and wind power.

UNEP-CCC: Climate change is already affecting the ocean’s ability to absorb and store carbon

The ocean is one of our most important climate allies, but its ability to regulate the climate is under growing pressure, warns report.

UNEP: Nature is making a comeback, but the world must move faster to meet restoration targets – UN Report

Report provides the first-ever comprehensive global assessment of progress against commitments to restore around one billion hectares and ensure that by 2030, at least 30 percent of degraded terrestrial, freshwater, marine, and coastal ecosystems are under effective restoration.

Carbon Brief: UK budget 2026: Key climate and energy announcements

Finance minister John Healey has announced a “new course on energy” for the UK, focused on keeping bills low amid the global crisis triggered by war in the Middle East.

Climate Home News: Africa wants adaptation finance on COP31 agenda, raising risk of a fight

The African Group wants dedicated space on tripling adaptation finance, the Green Climate Fund and trade, setting up a possible clash.

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