Thursday

28th Mar 2024

Ticker

Germany takes carbon border tax on board

France has persuaded Germany to examine a European carbon border tax, protecting companies investing in green technology from emission-intensive competition from abroad, Reuters reported. The German and French finance and economy ministers backed the idea on Thursday in a joint statement. Germany has so far been reluctant, fearing escalating trade tensions with the US. France aims to protect companies that support carbon-reduction efforts against unfair competition with big polluters.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

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."

Join EUobserver

EU news that matters

Join us