Friday

29th Mar 2024

Ticker

MEPs approve new phase of emissions trading

Members of the European Parliament's environment committee on Thursday approved parliament's version of a bill that sets the rules for the emissions trading system after 2021. It was adopted with 53 votes in favour, three against, and seven abstentions, and followed extensive negotiations between political groups over compromise amendments. The ETS is the EU's flagship climate action tool, but it is plagued by consistently low prices for carbon credits.

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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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