Friday

29th Mar 2024

Ticker

France backtracks on promise to cut reliance on nuclear power

French environment minister Nicolas Hulot, a well-known environmentalist, admitted on Tuesday that it will be difficult to close nuclear plants and reduce the proportion of electricity generated from nuclear to 50 percent by 2025, as the previous socialist-dominated parliament decided in 2015. French grid operator RTE warned earlier this week in its 2017-2035 Electricity Outlook that there could be risks of power supply shortages if the plans were not changed.

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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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