Friday

29th Mar 2024

Ticker

Germany backs carbon-free aviation in EU

German chancellor Olaf Scholz told businessmen at an aviation trade fair in Berlin Wednesday Europe was ready to move to carbon-neutral air travel. "What's good for the climate can at the same time be an asset for Germany as an industrial location," he said at the opening of the ILA Berlin Air Show. The industry should first shift from kerosene to biofuels and then to hydrogen-powered engines, he said.

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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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