In brief | 6 February '26
T&E: European Investment Bank gives green light to €3bn for clean transition
The European Investment Bank (EIB) has approved a three-billion-euro Frontloading Facility which provides revenues to countries to spend on preparing citizens for higher fuel costs, once the EU’s carbon price on heating and fuel (ETS2) kicks in.
Reuters: EU rethinks climate diplomacy after bruising COP30 summit, document shows
The European Union is mulling a new strategy in its diplomatic efforts on climate change after a bruising U.N. summit last year where it struggled to rally support for faster, more ambitious action to cut planet-heating emissions, an internal EU document seen by Reuters showed.
Reuters: Volkswagen overtook Tesla as Europe's top EV seller in 2025
Volkswagen overtook Tesla in sales of fully-electric cars in Europe in 2025, data from JATO Dynamics showed, another setback for the US automaker after China's BYD dethroned it as the world's top EV maker last year.
Euronews: Economic models ‘fail to capture’ severity of climate damages. Is a global financial crash looming?
Scientists have warned that current models are significantly underrepresenting the toll climate change is taking on the global economy.
Bloomberg: Fidelity calls out limits of extreme-weather adaptation bets
As extreme weather becomes more frequent, investors are examining how much money can realistically be made from climate adaptation.