Friday

29th Mar 2024

Ticker

US officially exits Paris climate agreement

The US officially exited the Paris Agreement on climate change Wednesday, despite being the second-largest greenhouse gas emitter in the world, Reuters reported. However, the elections will determine the future of the US in the climate deal since president Donald Trump's Democratic rival, Joe Biden, has promised to rejoin the accord if elected. Trump announced for the first time its intention to withdraw the US from the pact in 2017.

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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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