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29th Mar 2024

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Belgium spearheads EU green tax on aviation

Belgium has proposed an EU tax on the commercial aviation industry to offset its negative impact on global warming, Belgian minister Jean-Luc Crucke said after a meeting of EU states' environment and energy ministers in Brussels on Tuesday. France, Luxembourg, the Netherlands, and Sweden endorsed the idea, he added. It made no sense that railway transport, which was more environmentally friendly, was more highly taxed than flying, Crucke said.

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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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