Friday

29th Mar 2024

Ticker

Finland pledges climate-friendly EU presidency

Finland took over the presidency of the Council of the EU for six months on Monday, replacing Romania. The Nordic nation has made climate one of its priorities. "Solving the climate crisis could be Europe's next heroic act, one that will be admired and praised by future generations," Finnish prime minister Antti Rinne said Monday. Finland will spend some €500,000 on offsetting carbon emissions from its EU presidency-linked flights.

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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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