Lower fossil fuel demand doesn't just cut emissions. It can also reduce EU's exposure to energy shocks. Our bulletin finds that spending on imported fossil fuels during the recent Strait of Hormuz crisis was 24% lower than during the 2022 energy crisis due to a reduction in fossil fuel demand.
Quarterly Bulletin 01/2026: Clean Industrial Transition Monitor | ECNO
As policymakers respond to the economic impacts of the recent disruption in fossil fuel markets caused by the US-Iran war and the closure of the Strait of Hormuz, critical decisions are also being made on the future direction of the EU's Clean Industrial Deal. The first edition of the Clean Industrial Transition Monitor Quarterly Bulletin tracks developments in important economic indicators relevant to EU industry and monitors key policy developments under the Clean Industrial Deal.
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