Business bridles at cost of green transition

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Also in this newsletter: YouTube’s music-cloning plan, food and tax wars, taxing billionaires

For up-to-the-minute news updates, visit our live blog Good evening. As our special report highlights today, global clean tech investment may be booming — but it’s still less than half the estimated annual amount needed by the early 2030s to achieve the goal of net zero. And businesses have begun to balk at the additional costs associated with the move.

Italian Prime Minister Giorgia Meloni warned commission chief Ursula von der Leyen that she only had a “fragile majority” for a second term unless a deal on the top jobs took into account Rome’s demands. Bulgaria and Romania have failed the economic tests needed to adopt the euro, marking a setback in the EU’s eastward expansion.

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