Thursday

28th Mar 2024

Ticker

Poland on the hook for non-existent coal plant

Brussels-based news agency Euractiv has found that Poland is claiming €33 million of EU carbon allowances for a coal plant in Leczna, near the Ukrainian border, which does not exist. Polish authorities say the plant is being built. But there is zero sign of work at the greenfield site.

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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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