Thursday

28th Mar 2024

Ticker

EU should decry 'ambition gap' at climate summit, Germany says

The EU should press for the final declaration of the climate summit in Scotland to decry the "ambition gap" between national pledges on CO2 emissions-cuts and hopes of keeping global warming below 1.5 degrees Centigrade, according to a document by Germany's delegation to the 'COP26' event seen by Reuters. "There has hardly been any progress on the 17 points of negotiation over financial topics [aid for poor countries]," it added.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

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."

Join EUobserver

EU news that matters

Join us