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UN climate chief: EU's "hellish summer" is adding inflation pressures

Simon Stiell, the UN's climate secretary, said on Thursday that the heatwaves in Europe this summer could lead to a fuel crisis during the winter.

According to the Copernicus Climate Change Service (C3S) of the European Union, August was the second-hottest month in history.

The EU's "summer of hellish warmth" is a double blow to households, businesses, and governments. Stiell told a European Parliament Committee in Brussels that Europe's dependence on volatile fossil fuel imports is a major economic Achilles heel.

This year, households and businesses were hit by higher bills. Another European winter fuel crisis is now looming due to the reliance on fossil fuels.

(source: Reuters)