Georg Zachmann

@gzachmann.bsky.social

senior fellow - energy & climate policy - @bruegel_org Scientific Lead - GreenDealUkraїna - @HZBde

The EU will allow up to 5% of its 2040 emissions target to be met via international carbon credits. This cannot just be a cheap compliance loophole. It must be a strategic lever to drive global decarbonisation. New @bruegel.org brief with Annabelle Weisser. 🧵 1/10

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Ukraine has disabled nearly half of Russia’s oil refining capacity through targeted operations, according to the Financial Times. FT analysis estimates that refineries struck by Ukrainian drones have lost around 45% of their nominal production capacity. #Ukraine

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Yesterday, CNBC interviewed me live on the European wildfires and I highlighted how climate related risks are increasing and how investing into slowing climate change helps reduce related macrofiscal risk. Unfortunately, 'climate' was not mentioned once in the article: www.cnbc.com/2026/07/28/f...

Wildfires burn nearly 300,000 acres in France and Spain as heat wave looms

Temperatures in France are expected to rise to 95 degrees Fahrenheit this week, as firefighters battle the ongoing wildfire, which has affected parts of Spain.

cnbc.com

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

The EU will allow up to 5% of its 2040 emissions target to be met via international carbon credits. This cannot just be a cheap compliance loophole. It must be a strategic lever to drive global decarbonisation. New @bruegel.org brief with Annabelle Weisser. 🧵 1/10

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Market reaction to the European Commission's proposal on the ETS Review and Electrification Act on Friday was relatively muted. Seems like electricity companies were more positively surprised than other emission intensive companies.

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Situation at Russian gas stations in the last 5 days and today: Moscow and St Petersburg are prioritized. It looks like the situation is improving, but I checked several cities in detail, and I think the increasing availability of fuel has a different reason: Higher prices.

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Is there already a macro-paper out that quantitatively assesses if oil price spikes get more muted as the US turned from an oil importing country (oil-price↑ -> $↓ -> oil-price↑) to an oil exporting country (oil-price↑ -> $↑ -> oil-price↓)?

We have something new for you! Today we launched the Bruegel ETS Tracker. Based on the great work by Jan Abrell you can now easily access: - emissions by sector, location, installation, time - allocation - auction revenues - carbon prices ets.bruegel.org [feedback more than welcome]

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