Montenegro’s transmission system operator CGES recorded a profit of EUR 24.8 million last year. The net income of TSO CGES compares to EUR 35.7 million from 2023. In 2022, the company’s profit amounted to EUR 20.3 million, after EUR 16.9 million in the previous year. President of the Board of Directors of CGES Aleksandar Mijušković […]
Greece’s government-controlled power utility PPC and Masdar’s subsidiary Terna Energy are separately building two photovoltaic plants in Bulgaria, worth an estimated EUR 190 million in total. The biggest two renewable energy companies in Greece have taken over one major project each in neighboring Bulgaria, where domestic investors dominated the photovoltaics market until recently. Soon after […]
Germany is increasingly looking into geothermal energy storage as a way of decarbonizing its heating sector. The technology allows storing heated water in underground caverns and using it for warming homes and public and private buildings during winter, according to a report by Clean Energy Wire. This thermal energy storage system, called Geotes, promises “the […]
The US Environmental Protection Agency (EPA) has frozen USD 20 billion in funding for greenhouse gas reduction projects, citing, among other things, concerns over potential fraud, waste, and abuse, news agencies reported. The move prompted a lawsuit by environmental NGO Climate United Fund, one of the beneficiaries of the program aimed at financing thousands of […]
Seven cities and regions in the Western Balkans will receive financial and technical support to enhance their climate resilience. Four local authorities in Albania and one each in Bosnia and Herzegovina, Montenegro, and Serbia are among the 69 in 23 countries selected within the CLIMAAX call for applications. As a result of the two open […]
Informal environmentalist organization Eko Straža has submitted a letter to the Delegation of the European Union to Serbia urging the EU not to grant strategic status to Rio Tinto’s Jadar project in the country. The letter opposing the lithium mining and processing project is backed by the signatures of 100,000 citizens. Bojan Simišić of Eko […]
Two weeks after the local authorities and residents of the municipality of Lopare voiced their opposition to plans to open a lithium mine on Mount Majevica, the City of Tuzla sent a similar message. A few days ago, the Tuzla city council adopted a document requesting a ban on the mining of lithium and similar […]
The National Convention on the European Union in Serbia has sent a letter to European officials, expressing concern over the potential consequences of designating Rio Tinto’s Jadar lithium project as an EU strategic project. The body warns that such a decision could further erode the support for the country’s European integration. Members of the academic […]
The European Commission has decided to give more time to the automotive industry to meet CO2 standards for new cars and vans. Transport & Environment says the delay must be the final concession. The European Commission has proposed an amendment to the regulation that sets CO2 emission performance standards for new cars and vans. It […]
Consensus was achieved at the COP29 summit on providing USD 300 billion per year in financial assistance to the poorer and most vulnerable countries and rolling out a global carbon market, alongside a series of declarations. But they still fall short of required climate targets. Negotiators traditionally went into overtime at the United Nations Climate […]