Friday

29th Mar 2024

Ticker

EU carbon prices at historic low

European Union carbon permits for December closed at €3.99 a metric tonne, a historic low, reports Bloomberg. The low prices stem in part from market saturation of permits. The permits aim to entice industry to cut carbon emissions. EU member Denmark said the situation has become unsustainable.

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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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