Europe’s heatwaves intensify inflation pressure as winter fuel crisis looms

  • Simon Stiell warned that Europe’s heatwaves are intensifying inflationary pressure and energy concerns.
  • August was recorded as the world’s joint-hottest month on record, according to the EU’s C3S.
  • Heatwaves and wildfires compounded higher fossil-fuel costs, leaving Europe exposed to another winter fuel crisis.

Europe’s summer heatwaves and wildfires have intensified inflationary pressure from elevated fossil-fuel costs, while the region could face another winter fuel crisis, United Nations climate secretary Simon Stiell said in Brussels. August was recorded as the world’s joint-hottest month on record by the European Union’s Copernicus Climate Change Service (C3S), the bloc’s climate-monitoring service. Stiell told a European Parliament committee that extreme heat had compounded the continuing fossil-fuel cost crisis, raising expenses for households, businesses and governments. He said Europe’s reliance on volatile fossil-fuel imports remained an economic vulnerability and contributed to higher bills and the prospect of another winter fuel crisis.

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