In a co-ordinated global effort to stabilize financial markets in one of the biggest routs on record, Germany launched a stimulus package of up to 750 billion euros, while the U.S. Federal Reserve took unprecedented steps to shore up credit across the economy.

ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP)

Government bond yields across the euro zone fell on Thursday after the European Central Bank stepped in with emergency stimulus measures to calm markets in the face of the coronavirus outbreak.

Replenishing the Strategic Petroleum Reserve would enable the government to take as much as 77 million barrels off the world market.

Two of the major areas seen as most vulnerable to climate change impacts are the North Sea ports and the road and rail infrastructure along the Mediterranean.

European natural gas storage levels are 48% higher than the five-year (2015–19) average for February, largely a result of unseasonably warm weather in recent months and higher-than-average imports in 2019.

installed offshore wind capacity in Europe reached a new record in annual installations with 3.6 GW connected to the grid in 2019 and raising Europe's total offshore wind capacity to 22.1 GW at the end of 2019

The EU has agreed to sanctions against two officials from Turkey’s state petroleum company.

"New targeted credit lines will support climate action by companies in Bulgaria, Italy, Romania and Spain, improve access to finance by energy, tourism and education companies in Serbia, help agriculture firms in Romania to expand and encourage circular economy investment in Spain," the EIB said in a statement.

Gas demand across Europe has been unseasonably weak in January due to warm weather, with the month also seeing a re-routing of Russian gas exports to Europe with the start-up of the TurkStream gas pipeline to Turkey replacing some flows via Ukraine.