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29th Mar 2024

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MEPs back spending €6bn on fusion energy research

The European Parliament voted on Tuesday to back Europe's planned continued involvement in an international research programme aimed at creating a nearly-unlimited energy source through fusion power. A resolution which backed the plan to invest €6.1bn in fusion research in 2021-2027 was supported by 526 MEPs, with 126 voting against, and 43 abstaining. The non-binding text said the European contribution "should not be exceeded".

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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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