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29th Mar 2024

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Polluting firms should pay cost, EU auditor says

Taxpayers rather than polluting corporations pay for clean-up operations in Europe due to lax regulation, the European Court of Auditors, an EU financial watchdog, said Monday. "Polluters need to pay for the environmental damage they cause ... Up to now, though, European taxpayers have far too often been forced to bear the costs that polluters should have paid," the court's Viorel Stefan said, after a study of 42 clean-up projects.

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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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