Friday

29th Mar 2024

Ticker

UK power station to become EU's first large-scale carbon capture project

The Yorkshire-based Drax power station has secured €300 million of EU funding to become the bloc's first large-scale carbon capture storage programme. The project - one of 19 receiving a combined €1 billion - will fuel 630,000 homes. 90% of its CO2 will be permanently stored under the North Sea.

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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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