In brief | 3 April '25

Reuters: Deutsche Bank-owned asset manager DWS fined €25 million for greenwashing

German prosecutors have fined asset manager DWS 25 million euros after a lengthy probe found the firm guilty of greenwashing, or making misleading statements about its environmental and social investing credentials.

Carbon Pulse: Germany moves to cancel EU ETS allowances linked to 2022 coal plant closures

Germany's government adopted a formal communication to the European Commission seeking the cancellation of EU ETS allowances linked to the closure of two coal-fired power plants in 2022, in a bid to ensure that the phaseout delivers genuine climate benefits.

Euronews: EU preparing 'further countermeasures' to protect its interest, von der Leyen says

The EU is "preparing for further countermeasures" to protect its interest, Commission president Ursula von der Leyen said after Donald Trump announced a 20 percent levies on European goods, urging the US to "move from confrontation to negotiation".

Bloomberg: French power price plunges below zero as solar swamps the grid

Europe’s booming solar generation is overwhelming the region’s grids, sending power prices slumping far below zero.

Bloomberg: Is an upside-down gas market Europe's new normal?

High prices have discouraged stocking up to prepare for next winter.