Thursday

1st Jun 2023

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CO2 emissions from EU plunge 60 percent

The EU's CO2 emissions have dropped by 58 percent since the virus lockdowns began, French consultancy Sia Partners has noted. Emissions from cars and motorbikes fell 88 percent, while industry (60%) and the energy sector (40%) fell less steeply, and household emissions rose (29%). "Once the confinement is finished, some sectors will restart right away and others will not," Sia Partners' Charlotte de Lorgeril told British newspaper the Financial Times.

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ECB: eurozone home prices could see 'disorderly' fall

The European Central Bank in its Financial Stability Review warned EU home prices could see a 'disorderly' fall as high mortgage rates are making houses unaffordable for households and unattractive for investors.

Adapting to Southern Europe's 'new normal' — from droughts to floods

Extreme weather events in recent months have worsened agricultural production in southern Europe, prompting concerns for authorities in Portugal, Spain, France and Italy. As countries will likely face dryer conditions, experts urge adaptation measures for the 'new normal'.

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