Investing amid a European energy crisis Europe has spiralled headfirst into the globe's worst energy crisis since the Arab oil embargoes of the 1970s and 1980s. Europe's energy policies have led to astronomical price increases, industry shutdowns, potential energy shortages, and geopolitical vulnerability. Portfolios with holdings that are less energy intensive or more energy efficient are likely to fare best in the coming months. Paris-aligned ETFs, such as the Tabula EUR IG Bond Paris-aligned Climate UCITS ETF (TABC) and Tabula EUR HY Bond Paris-Aligned Climate UCITS ETF (THEP), underweight high energy intensity names and overweight low energy intensity names.