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29th Mar 2024

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EU to keep 'green' gas and nuclear labels

The EU Commission is going to stick to labelling gas and nuclear power as "green" in its taxonomy for investors, EU financial affairs commissioner Mairead McGuinness told German newspaper Frankfurter Allgemeine Zeitung Wednesday. "We may be able to tweak the proposal in one place or another to address some objections, but we actually have limited room for manoeuvre", she said, after Germany, among others, complained about the labelling decision.

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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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