BREAKING: New European Energy Security Deal & a Lesson in Negative Externalities

News Monday, 26th January 2026, 17:16

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Clean energy, renewables and the North Sea wind farm project are transforming Europe’s energy landscape. The UK has joined nine European nations, including Norway, Germany and the Netherlands, to create the world’s largest offshore wind energy reservoir, securing energy sovereignty and deepening EU-UK cooperation. Sweden, Finland and Denmark lead the EU’s renewable transition, with solar reaching new highs in Hungary and the US driving growth despite political resistance. Jonathan MS Pearce analyses how G20 fossil fuel subsidies, totalling trillions, continue to impact global energy policy and climate change. Discover cutting-edge updates, key policies, major players, and ongoing energy debates.

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