Thursday

28th Mar 2024

Ticker

Study: seven states blocking EU's electricity transition

An analysis of member states' national energy and climate plans by think tank Ember on Monday found that seven countries are blocking Europe's electricity transition. Poland, the Czech Republic, Bulgaria, Germany, Belgium, Romania and Italy will be responsible for 80 percent of the sector emissions by 2030 due to their reliance on coal and gas. Fossil fuels are still expected to generate 25 percent of EU electricity by 2030.

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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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