Global energy talks are feeling disappointed after the last climate summit. Leaders made promises and had long discussions. However, reaching climate goals now seems harder. The summit showed people wanted to agree. But, using fossil fuels is increasing. This is more than renewable energy is growing. Therefore, the world will probably not reach net-zero emissions by 2050.
Europe is feeling the effects of this change most strongly. High energy costs are making climate plans difficult. This could stop the move to cleaner energy. The European Union's work for a sustainable future is slowing down. Very high electricity prices are hurting families and businesses. Some people were surprised when Canada decided to reduce its climate rules. This was to encourage investment in energy and a new oil pipeline.
At the same time, the market for liquefied natural gas (LNG) is growing fast. Many new LNG projects were approved in 2025. More LNG will be ready to export by 2030. This increased supply is changing the market. The price difference between US and European natural gas is smaller. European gas prices have dropped recently. They are expected to fall more. This happens as the EU plans to stop buying Russian natural gas by 2027. Saudi Arabia has also started using its Jafurah gas field. This will increase gas supply globally.
There are many reasons for these energy market changes. International climate meetings have not had a big effect on actual climate goals. Many governments seem to be delaying climate actions. Also, the cost and reliability of renewable energy are being questioned. This is compared to traditional power plants. The increase in LNG projects is due to energy security needs and market chances. This could lead to too much supply. It raises questions about market stability. The EU's decision on Russian gas and more LNG supply can help diversify energy sources. However, the market is still uncertain. The world's energy system is struggling with costs and security. The important goal of climate action faces a difficult path.