Europe’s climate goals face hurdles, EU Innovation Fund projects show

Europe’s climate goals face hurdles, EU Innovation Fund projects show
Decarbonising is not working as well as the EU had hoped. (Image: Bloomberg)
Bloomberg
(Bloomberg) - A solar panel manufacturer that’s laying off workers. A battery maker that spurned Europe for American subsidies. A green hydrogen project stalled for lack of electricity.These are a handful of the early results from the European Union’s Innovation Fund, a €40 billion (NZ$71.5b) investment vehicle at the core of Europe’s plans to overhaul its economy to be zero-carbon by the middle of the century. It’s also part of the EU’s counter to the US Inflation Reduction Act; officials hope the subsid...

More World

Trump lifts sanctions on Syria as it holds talks on diplomatic ties with Israel
World

Trump lifts sanctions on Syria as it holds talks on diplomatic ties with Israel

Foes Israel and Syria have been talking for weeks, officials say.

Oil prices fall over 6% after Iran attacks US military base
World

Oil prices fall over 6% after Iran attacks US military base

A US defence official said there were no known American casualties.

AFP 24 Jun 2025
CEO pink: This muted, dusty shade means power in the office
The Life

CEO pink: This muted, dusty shade means power in the office

In this hue, ‘I can totally own a situation,’ says one exec.