Ugne Keliauskaite

@keliauskaite.bsky.social

Research Analyst Energy and Climate @bruegel.org

Climate impacts will become a structural macro-fiscal problem. With low private insurance, EU governments are sleepwalking into becoming disaster insurers of last resort. Our @bruegel.org Policy Brief on mitigating rising fiscal costs of climate disasters. 🔗 www.bruegel.org/policy-brief... 🧵1/10

Planning for the rising fiscal costs of climate disasters

Low insurance coverage is turning EU governments into disaster insurers of last resort, strengthening the case for prevention and adaptation finance

bruegel.org

Natural gas storages are nearly one-third full. European governments aim to have them four-fifths full by November. That will require roughly doubling daily filling to 0.25 % pts. @bruegel.org new tool tracks daily filling across all European countries 👇

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Another energy crisis - another lack of unbiased, relevant, timely ENERGY DATA for policy-making: What is possible: The US Energy Information Administration, provides among many other series granular weekly! oil&petroleum data for: refinery production, imports, exports, prices, stocks, ... 1/4

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🆕@bruegel.org analysis "Dependence on fossil fuels, not on the United States, is Europe’s worry” US leverage over the EU is far smaller than Russia’s in 2021, but persists indirectly via EU’s fossil-fuel dependence 1/5 www.bruegel.org/analysis/dep... @bmcwilliams.bsky.social @gzachmann.bsky.social

Dependence on fossil fuels, not on the United States, is Europe’s worry

The US has replaced Russia to a great extent as an energy supplier to the European Union, but this has not so far created a new vulnerability

bruegel.org

🆕 Dependence on fossil fuels, not on the United States, is Europe’s worry We argue that the EU's energy import dependence on the US is not comparable to the historic Russian situation. A scenario in which the US uses this trade to extract political concessions from the EU is far-fetched. 1/4