Now playing Next Green News Renewables covered 95% of Portugal’s power needs last month Portugal has made huge progress in renewable power, up from 27 per cent in 2005 and 54 per cent in 2017. 10/05/2024
Now playing Next the global conversation Terry Reintke: EU's Green Deal can be saved despite setbacks With an unprecedented breakthrough, the Greens were among the surprise winners of the last European elections. Their ambitious climate agenda won over many voters. But COVID-19, the war in Ukraine, inflation and soaring energy costs have all taken a heavy toll on the movement's popularity 10/05/2024
Now playing Next Economy Euroviews. Banking on fossil fuels: A one-way ticket to global economic meltdown With the future of our planet at stake, banks need to be ambitious and move beyond policies that only offer mere lip service instead of solutions that meet the sheer scale of the challenge. Failure to do so would be unconscionable, Zahra Hdidou writes. 10/05/2024
Now playing Next Economy Inflation rate in Hungary edges up slightly to 3.7% in April After 14 months of decline, the rate of inflation in Hungary rose again. 10/05/2024
Now playing Next Europe News Tusk rejigs cabinet to release ministers running in European elections Last year, Poland voted out a hardline right-wing government, but the right is expected to make EU-wide gains next month. 10/05/2024
Now playing Next Economy Experts call for restrained spending as global debt hits record high Debt in emerging markets such as India and China and stubborn inflation in the US is putting pressure on funding costs. 10/05/2024
Now playing Next Markets Weekly markets round-up: Optimism high on interest rate cut hopes Major European indices have notched up all-time highs, with the FTSE 100 reaching a fresh record following signals from the Bank of England (BoE) indicating an impending rate cut. 10/05/2024
Now playing Next Climate Less than 25% of the EU’s electricity came from fossil fuels in April The drop in fossil fuel generation was driven by wind and solar growth as well as the recovery of hydropower. 10/05/2024
Now playing Next Europe News Is China using Hungary as its bridgehead in Europe? The primary purpose of Xi Jinping's three-day visit to Hungary might be to ensure that Hungary can help China gain market share in the EU, as Beijing and Budapest prepare to sign a total of 16 bilateral agreements. 09/05/2024
Now playing Next Eco-Innovation Iceland: See inside the world’s biggest plant sucking CO2 from the air Climeworks is harnessing Iceland’s geothermal power, while gearing up for megatonne capacity around the world. 09/05/2024
Now playing Next Europe Decoded Euroviews. Europe matters to consumers, and so does your vote What happens in Brussels does have an impact on our daily lives, more than we are aware of, more than we credit them for. Treating it like a second-rate election would not do it right, Els Bruggeman writes. 09/05/2024
Now playing Next Destinations What is the ‘portal’ linking up Dublin and New York that’s gone viral? The futuristic installation features a 24/7 livestream between the two destinations, allowing real-time interaction between Dubliners, New Yorkers and visitors. 09/05/2024
Now playing Next Economy BoE holds rates steady, sees inflation below target in two years The Bank of England maintained interest rates at 5.25%, in a split decision with two members dissenting. Governor Andrew Bailey indicated it's premature to reduce rates. New forecasts project that price pressures will fall below the target within two years. 09/05/2024
Now playing Next Europe Decoded Euroviews. Mitigating climate change is no longer enough. We need protection Climate change is not merely an environmental predicament — it is a matter of social justice. Our transition to a sustainable future can only succeed if it brings people hope for the future and leaves no one behind, MEPs Iratxe García Pérez and Mohammed Chahim write. 09/05/2024
Now playing Next Economy Poland keeps rates unchanged despite softening economy Despite a fall in inflation, Poland's central bank governor remains concerned it could reignite because of higher food taxes and the potential removal of energy price limits. 09/05/2024
Now playing Next Europe News Chinese President Xi Jinping visits Hungary on European tour China's leader is anticipated to solidify several agreements with Hungarian Prime Minister Viktor Orbán, further cementing Beijing's economic presence in the region. 09/05/2024
Now playing Next Green News EU Policy. Why is lithium crucial to the EU's green and digital transition? Lithium is one of the 34 critical raw materials listed by the EU under the Critical Raw Materials Act, and a key component in the EU’s quest to ditch fossil fuels and switch to clean energy. 09/05/2024
