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29th Mar 2024

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Ukraine diplomat urges German MEPs to reject EU taxonomy

Ukraine's ambassador to Germany, Andrij Melnyk, on Tuesday urged German MEPs to reject the EU taxonomy, including gas and nuclear as "transitional" technologies in guidelines for sustainable finance. "If the European Union improves the conditions for investments in gas infrastructure, Russia will benefit from this," he said, in a letter published by German media RND. Melnyk said the Russian energy minister has already reacted "happily" to the taxonomy proposals.

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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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