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Climate & Energy

Where it stands

Diverging

As of 20 July 2026

Heat is now doing damage you can put a number on, and rules keep loosening — while lenders and storage build-out move the other way.

Forces in tension

Heat & wildfires High

fires near Fréjus and in the Cairngorms; India's informal workers losing 6.6% of pay

Grid strain (AI demand) High

data centres still outrunning new supply; three states acted in a day to shield bills

Climate-rule rollback Building

the EU slows its own timetable; no new loosening landed today

Fossil comeback Building

North Sea licensing still an open question after a week of argument

Clean build-out Easing

liquid-air, molten-salt and sand stores coming online; UAE pairs 5.2GW solar with 19GWh

Coal financing Easing

Bank of England drops coal-linked bonds from October; ~150 big financial firms already restrict

What to watch

Whether looser rules and tighter coal finance keep pointing in opposite directions, or one of the two turns to follow the other.

This board is the synthesized picture of 9 recent Climate & Energy editions. It describes where things stand — the forces, not a forecast, and never advice on what to do.