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29th Mar 2024

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EU records 2.5 percent cut in CO2 emissions in 2018

After four years without substantial reduction, carbon dioxide (CO2) emissions from fossil fuel combustion were reduced by 2.5 percent in the EU in 2018 compared to 2017, Eurostat figures released on Wednesday showed. Emissions fell in 20 countries, with Portugal reducing the most (9.0 percent), followed by Bulgaria (8.1 percent) and Ireland (6.8 percent). CO2 emissions increased in eight countries: Latvia, Malta, Estonia, Luxembourg, Poland, Slovakia, Finland and Lithuania.

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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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