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US demand to own Greenland leaves little scope for compromise, and forcing the issue would entail end of Nato Greenland, with a population of fewer than 57,000, might not seem to be the territory on which the future of the relationship between Europe and the US, the viability of Nato as the world’s most successful defence alliance, or even the fractured relations between the UK and Europe would be determined. But battlefields are sometimes the product of chance, rather than choice. It now feels as if Donald Trump’s threat to impose 10% tariffs on eight fellow Nato states for sending troops last week to support Greenland’s sovereignty may be one of those clarifying moments in which Europe had no option. Successive European leaders condemned Trump’s blackmail and intimidation on Sunday and they sounded as if they meant it.

Much attention today focuses on uncertainties affecting the future evolution of oil and natural gas demand, with less consideration given to how the supply picture could develop. However, understanding decline rates – the annual rate at which production declines from existing oil and gas fields – is crucial for assessing the outlook for oil and gas supply and, by extension, for market balances. The International Energy Agency (IEA) has long examined this issue, and a detailed understanding of decline rates is at the heart of IEA modelling and analysis, underpinning the insights provided by the scenarios in the World Energy Outlook. This new report – based on analysis of the production records of around 15 000 oil and gas fields around the world – explores the implications of accelerating decline rates, growing reliance on unconventional resources, and evolving project development patterns for the global oil and gas supply landscape, for energy security and for investment. It also provides regional insights

The growth in US power demand is surging to its highest rate in decades, driven first by the electrification of oil and gas production and then by the build out of data centers. While still below the 5-10% growth seen in China, the world’s first “electrostate," the US power sector is experiencing rapid structural growth. The country is delivering more than a 3.5% annual power demand growth rate for the first time in several decades, potentially positioning the US as the world’s next “electrostate,” despite the strong oil and gas focus of the Trump administration.

Critical minerals, which are essential for a range of energy technologies and for the broader economy, have become a major focus in global policy and trade discussions. Price volatility, supply chain bottlenecks and geopolitical concerns make the regular monitoring of their supply and demand extremely vital.

Exclusive: Medics more sleep deprived now than during Covid crisis amid staff shortages and surging demand

Record-breaking temperatures were recorded across the globe in 2023. Without climate action, adverse climate-related health impacts are expected to worsen worldwide, affecting billions of people. Temperatures in Europe are warming at twice the rate of the global average, threatening the health of populations across the continent and leading to unnecessary loss of life. The Lancet Countdown in Europe was established in 2021, to assess the health profile of climate change aiming to stimulate European social and political will to implement rapid health-responsive climate mitigation and adaptation actions. In 2022, the collaboration published its indicator report, tracking progress on health and climate change via 33 indicators and across five domains.

The European Commission has received an open letter signed by 110 academics, businesses, civil society organisations and research institutions urging the EU to separate emissions reductions, land-based sequestration and permanent carbon removals in the EU’s post-2030 climate framework. This separation should be at the heart of both the setting and the implementation of the 2040 target and associated plans.

Exclusive: UAE’s Sultan Al Jaber says phase-out of coal, oil and gas would take world ‘back into caves’

But the decline in oil, gas and coal will not be steep enough to limit global warming to 1.5C

Global coal consumption climbed to a new all-time high in 2022 and will stay near that record level this year as strong growth in Asia for both power generation and industrial applications outpaces declines in the United States and Europe, according to the IEA’s latest market update.

A dramatic increase in funding for climate adaptation is needed to save millions of lives from “climate carnage”, the UN secretary general, António Guterres, has said. Climate adaptation includes preparing defences against rising floods, shelters against intensifying cyclones and emergency plans to protect people during worsening heatwaves and droughts. Guterres said only a small fraction of the required finance was given by rich nations to protect vulnerable people.

Energy transition and peak demand predictions have spooked investors in oil, putting the prospect of peak production sooner than anticipated accompanied by wild price spikes.

Rooftop solar panels are up to 79% cheaper than they were in 2010. These plummeting costs have made rooftop solar photovoltaics even more attractive to households and businesses who want to reduce their reliance on electricity grids while reducing their carbon footprints. But are there enough rooftop surfaces for this technology to generate affordable, low-carbon energy for everyone who needs it?

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