Friday

29th Mar 2024

Ticker

Belgium, Denmark, Germany, Netherlands push offshore wind

Belgium, Denmark, Germany, and the Netherlands on Wednesday pledged to increase offshore wind generation capacity from 15 gigawatts (GW) now to at least 150GW by 2050 — as part of efforts to phase-out fossil fuels and reduce energy imports from Russia. This target represents half of the capacity intended for the entire 27-nations bloc, under the EU offshore renewable energy strategy, unveiled back in November 2020.

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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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