Friday

29th Mar 2024

Ticker

EU negotiators agree CO2 targets for cars

Negotiators from the European Parliament, national governments, and the European Commission decided on Monday a compromise by which cars should emit 37.5 percent less CO2 in 2030, compared to 2021. Vans should emit 31 percent less. Austrian environment minister Elisabeth Kostinger called it a "great success for climate protection in Europe", but NGO Transport & Environment called the compromise "progress but it's not fast enough to hit our climate goals".

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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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