The European Parliament and Council have reached a provisional agreement on a new EU Regulation to reduce energy sector methane emissions in Europe and in its global supply chains.
Methane is a powerful greenhouse gas - the second biggest contributor to climate change after carbon dioxide (CO2) - and is also a potent air pollutant. Wednesday's agreement is crucial to delivering the European Green Deal and reducing the bloc's net greenhouse gas emissions by at least 55 percent by 2030.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.