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29th Mar 2024

Ticker

Global CO2 emissions still rising

Global CO2 emissions edged up 0.6 percent this year compared to 2018 and by 4 percent compared to 2015, when world nations signed the Paris climate accord to slow global warming, according to data from the Global Carbon Project, an academic organisation, Tuesday. EU and US coal demand was falling, but Chinese demand was rising, it said. Strong gas and oil demand, including for ever-popular SUV cars, were also factors.

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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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