Friday

29th Mar 2024

Ticker

MEPs vote to ban combustion engines by 2035

MEPs voted on Wednesday to ban the sale of all combustion engines by 2035, in a vote many expected could have gone either way. A European People's Party push to ban only 90-percent of all such engines was rejected. Ahead of the vote, EU commissioner Frans Timmermans had "implored" MEPs to vote for the ban and give car-makers a clear signal battery-powered vehicles are the way forward in the EU.

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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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