Friday

29th Mar 2024

Ticker

EU Parliament adopts green classification rules

The European Parliament adopted on Thursday the taxonomy regulation, a crucial legislation for the Green Deal that aims to boost private sector investment in green and sustainable projects. Commissioner Valdis Dombrovskis welcomed the decision. "The adoption of the taxonomy marks a milestone in our green agenda," he said, adding that "it creates the world's first ever classification system of environmentally sustainable economic activities".

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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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