NATO, EU, and Ukraine: Energy and Climate Developments
NATO backs renewables for energy security despite US skepticism; EU considers carbon tax break for Ukrainian steel; new EU climate law hurts Ukraine's steel exports; Ukraine secures oil from Gulf states in exchange for military support.
NATO sees renewables as solution to energy security
NATO views clean power as a logical replacement for fossil fuels, despite skepticism from the United States. The military alliance sees renewables as a way to enhance energy independence.
EU mulls carbon tax break on Ukrainian steel
The European Union is considering relief on carbon taxes for Ukrainian steel, after producers warned that current duties would kill the industry. The move comes as Ukraine's steel exports face pressure.
New EU climate law deals blow to Ukraine's steel exports
Ukrainian manufacturers claim that EU carbon tariffs are an instant blow to their exports. Steel is a key source of revenue for Ukraine, and these measures threaten its industry.
Ukraine secures oil from Gulf states
After reaching agreements with Saudi Arabia, Qatar, and the UAE, President Zelenskyy said similar pacts are in the works with Oman, Kuwait, and Bahrain. Oil supplies are exchanged for military support.
