Friday

29th Mar 2024

Ticker

France aims to start building new nuclear reactors by 2027

France wants to start building its first new-generation 'European Pressurised Reactors' nuclear reactor before May 2027, Reuters reported on Tuesday. French president Emmanuel Macron plans to build at least six new reactors as part of efforts to put his country on the path toward climate-neutrality. The reactors, which will replace current sites reaching the end of their lifespan by the end of 2030, will cost an estimated €51.7bn.

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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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