Friday

29th Mar 2024

Ticker

Germany extends life of two nuclear plants

Germany was "sticking to the nuclear phase-out" it had planned before the Ukraine war, but would keep running two of its three remaining power plants for longer than envisaged to build up an "emergency reserve" for winter in the face of Russian cut-offs, its environment minister Robert Habeck said Monday. The Neckarwestheim and Isar 2 plants were to be stopped in December but will now go on until mid-April 2023.

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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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