Climateflation

15 July 2026

When heat drives both sides of power markets

Extreme heat is no longer just an environmental issue – it is becoming an economic one. As rising temperatures drive electricity demand higher while constraining power generation, energy markets are experiencing increasing volatility and price pressure.

In this latest Market Musings, we explore how climate change is reshaping Europe's power markets and contributing to a new form of inflation: climateflation. Read the full article to discover the implications for investors and why inflation protection may be more important than ever.

Read the article Read more about our Listed Infrastructure strategy

Disclaimer
Van Lanschot Kempen Investment Management NV (VLK Investment Management) is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets. This document is for information purposes only and provides insufficient information for an investment decision.This document does not contain investment advice, no investment recommendation, no research, or an invitation to buy or sell any financial instruments, and should not be interpreted as such. Opinions are as of the date of publication and may change without notice.

Il y a un dicton en néerlandais, Kom verder, qui ui signifie beaucoup de choses, et c'est notre philosophie d'entreprise. Il reflète la façon dont nous travaillons avec nos clients, mais aussi la manière dont nous dirigeons nos entreprises participantes pour créer de la valeur pour les actionnaires grâce à un engagement actif.

Risque de perte en capital. La valeur des investissements et des revenus qui en découlent peut évoluer à la hausse comme à la baisse. Les investisseurs sont susceptibles de ne pas récupérer l’intégralité de leur investissement initial. Les performances passées ne présagent pas des performances futures et ne sont pas constantes dans le temps.