Thursday

28th Mar 2024

Ticker

UK wants EU to cancel carbon permits

The UK wants the EU to cancel millions of carbon permits in an effort to restore the EU Emissions Trading System (ETS), reports Reuters. ETS is seen as a key tool in fighting climate change but the high number of permits has undermined financial incentives for companies to cut emissions.

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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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