Friday

29th Mar 2024

Ticker

Report: EU to propose €584bn energy grid upgrade plan

Adapting Europe's energy grid to a system largely run on renewable power will cost €584bn between now and 2030, according to a leaked EU Commission document seen by news agency Reuters. The commission is set to publish an action plan to build smart grids able to respond faster to intermittent local-supply fluctuations associated with wind and solar power.

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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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