Thursday

28th Mar 2024

Ticker

EU court greenlights carbon emissions tax for planes

EU plans to levy an emissions tax on airlines from 1 January are valid, the European Court of Justice ruled on Wednesday, dismissing a case brought by north American airlines. Under the scheme, airlines have to pay for 15% of their CO2 emissions. The figure rises to 18% in 2013-2020.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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