August 2026

The summer of 2026 captures the emerging landscape of climate and energy policy, marked by more frequent heatwaves, higher energy prices, and new investment opportunities. The rise in the cost of emission allowances and energy shows how closely climate, geopolitics, and competitiveness are interconnected. Europe is responding with a revision of the ETS, the continuation of conditional free allocation, and the creation of a new Decarbonisation Bank.

The real substance, however, lies in implementation. The National Climate Law is now moving from declarations to inspections, verified reports, and the actual cost of non‑compliance. Businesses and public authorities now need reliable data, investment plans, and energy flexibility. The transition is not a future scenario. It is already a daily business reality that will distinguish those who prepare from those who simply observe developments from a safe distance.