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29th Mar 2024

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Global CO2 energy-related emissions to rise 5% in 2021

The International Energy Agency (IAE) said on Tuesday that global CO2-emissions from the energy sector will raise by nearly five percent (reaching 33 billion tonnes) this year, Reuters reported. During the pandemic, energy-related emissions fell by 5.8 percent to 31.5 billion tonnes. "This is a dire warning that the economic recovery from the Covid crisis is currently anything but sustainable for our climate," IEA executive director Fatih Birol said.

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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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