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This research paper analyzes the effect of climate-related news on investment flows in mutual funds, particularly focusing on ‘green funds’ that invest in sustainable companies. The authors, led by Giulio Cornelli, find that climate news leads to significant and sustained inflows into green funds compared to traditional funds. The study highlights the responsiveness of green funds to climate risks, leading to capital reallocation towards environmentally-friendly companies, thereby supporting a transition to a sustainable economy.

The European Commission has allocated €6.8 million from the Connecting Europe Facility (CEF) to support the Nordic Baltic Hydrogen Corridor (NBHC) project during its feasibility study phase. This funding will help execute essential studies focused on pipeline routing, planning compressor stations, and assessing environmental and safety permitting issues across Finland, Estonia, Latvia, Lithuania, Poland, and Germany. The studies are set to run until the end of 2026, with the project expected to significantly contribute to Europe’s clean energy landscape and carbon emissions reduction goals.