Friday

29th Mar 2024

Ticker

Train revival needed to meet EU climate goals

The EU should revive a 1960s railway-building project called 'Trans Europe Express' to curb emissions from short-distance flights if the bloc is to meet its global warming targets, according to a German-funded report by four NGOs Wednesday. Flights of fewer than 1,000 km inside Europe emitted 28 tonnes of CO2/year, but "almost all of these journeys could be shifted to rail," which now accounted for just 8 percent of journeys.

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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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