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29th Mar 2024

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UN to hold 2018 climate summit in Polish coal region

The UN has announced Thursday that its annual climate change conference in 2018 will take place in Katowice, a city in the heart of Poland's coal mining region, Silesia. Poland's dependence on coal and the future of its mine workers have made the country quite reluctant to back climate action. The announcement comes as the world awaits US president Trump's decision on whether to stay part of the Paris agreement.

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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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