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- Two elephants die in flash flooding in northern Thailand
- Sabalenka targets world number one and Wuhan hat-trick
- Tunisia votes with Saied set for re-election
- Bagnaia sets 'example' with Japan MotoGP win to cut gap on Martin
- Intense Israeli bombing rocks Beirut ahead of war anniversary
- Mozambique vote: no suspense but some disillusion
- Austrian rapper channels anti-racist rage in Romani hip-hop songs
- Ohtani magic powers Dodgers over Padres in MLB playoff thriller
- Five of the best: Pakistan-England Test thrillers
- Man sets arm on fire as marches across US mark Gaza war anniversary
- Vietnam's young coffee entrepreneurs brew up a revolution
- Trump rallies at site of failed assassination: 'Never quit'
- Too hot by day, Dubai's floodlit beaches are packed at night
- Is music finally reckoning with #MeToo?
- Fans hail Trump's 'guts' as he returns to site of rally shooting
- Lebanon state media says Israeli strikes hit south Beirut
- Miami on track for MLS record points after win in Toronto
- Monaco take top spot in Ligue 1 with win at Rennes
- Madrid beat Villarreal to level Liga leaders Barca
- Thuram treble fires Inter past Torino and up to second
- 'Fight': defiant Trump jets in to site of rally shooting
- Mexico City's new mayor sworn in with pledges on water, housing
- Israel on alert ahead of Hamas attack anniversary
- Guardians maul Tigers in MLB playoff series opener
- Macron criticises Israel on Gaza, Lebanon operations
- French rugby player whistled but 'serene' on return amid ongoing rape case
- Retegui hat-trick fires five-star Atalanta to hammering of Genoa
- Heavyweights Australia, England off to World Cup winning starts
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- Spinners come to party as England defeat Bangladesh at T20 World Cup
- Search continues for missing in deadly Bosnia floods
- Man City sink Fulham to get title bid back on track
- France's Auradou whistled on Pau return in Perpignan loss amid ongoing rape case
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Arsenal hit back in style after Southampton scare
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- Liverpool stay top of Premier League as Arsenal, Man City win
- In dank Tour of Emilia, Pogacar shines in rainbow jersey
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- Trump returns to site of failed assassination
- Careless Leverkusen held to Bundesliga draw
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- Thousands march in London in support of Palestinians, 1 year after Oct 7
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IEA, ECB urge Europe to move faster on energy transition
Europe must invest more quickly and massively in its energy transition if it wants to remain a global industrial power, top policymakers warned on Friday.
The plea was made at a conference on the clean energy transition hosted by the International Energy Agency, the European Central Bank and the European Investment Bank in Paris.
The leaders said private sector investment faces barriers including policy uncertainty, bureaucratic red tape that delays projects, and higher energy costs.
At the same time, the United States, China, India, Japan and South Korea are deploying ambitious industrial programmes, they warned.
Friday's conference focused on the financial and public policy tools that could unleash the investments needed for the clean energy transition.
"Despite its large internal market, skilled workforce and world-beating research and development, we're yet to see how Europe will put its ambitions into practice," said IEA executive director Fatih Birol.
"Policymakers must take bold action, and soon, for the region to remain a global industrial power," Birol said.
ECB president Christine Lagarde called on Europe to "avoid procrastination".
"While it is tempting to think that we can smooth out the cost of the transition by pushing back climate targets, the evidence suggests that this will not be the case," she said.
"Procrastinating is likely to increase the bill we will end up having to pay," Lagarde said.
"Pushing back targets will not buy us more time for the investment required."
Werner Hoyer, president of the European Investment Bank, said industries "must be prompt and embrace change, or risk being left behind".
"Only massive and swift investment in net zero technologies will make sure that Europe remains an attractive place do business, a place where innovation thrives, where new ideas flourish, and wealth and jobs are created," Hoyer said.
Earlier this week, the IEA said wealthy countries should move their net-zero target to 2045 -- five years earlier than planned, -- to keep to the Paris Agreement goal of limiting global warming to 1.5 degrees Celsius above pre-industrial levels.
It urged China, the world's largest polluter, to speed up its carbon neutrality goal by a decade to 2050.
E.Ramalho--PC