The Council of the European Union upheld the proposed 90% emissions cut target for 2040 ahead of the United Nations Climate Change Conference COP30 in Brazil, but with substantial workaround possibilities. In addition, the environment ministers failed to define the 2035 ambition, leaving the desired reduction in the amount of released greenhouse gases in a […]
Slovenia has allocated EUR 835 million from the Climate Fund for climate change mitigation and adaptation. The funds should be used over the period 2025-2028. The Government of Slovenia has adopted a decree on the allocation plan for the Climate Fund for 2025-2028. The plan follows the key measures from the previous plan for the […]
Biodiversity is declining and water stress is affecting one third of Europe’s population and territory, while the frequency and magnitude of climate-related disasters are increasing. In short, this is the message from the report Europe’s Environment 2025. Europe’s Environment 2025 is the most comprehensive analysis on the current state and outlook for the continent’s environment, […]
Albania officially started negotiations with the European Union on the so-called cluster 4, encompassing the green agenda and sustainable connectivity. It is joining Montenegro and Serbia, which haven’t yet closed any of the four chapters in the group: transport policy, energy, trans-European networks, and environment and climate change. The Council of the EU held an accession […]
For centuries, the Adriatic Sea has cooled the Mediterranean, but today it is sending warmer waters down south as it heats up much faster than projected. Deep water temperatures forecast for the end of the century are already being recorded, threatening ecosystems, the climate, and coastal communities, according to a study by scientists from Croatia, […]
Former Minister of Environment and Water of Bulgaria Borislav Sandov is urging the country’s authorities to deploy alternative water supply solutions, including desalination, to counter shortages. Greece is preparing a radical change in its water management model. Turkey got its first floating seawater purification platform, running on solar and wind power. Southeastern Europe is among […]
Slovenia accessed the international markets with its inaugural sustainability-linked bond, oversubscribed by more than 6.5 times. The interest payable can grow or drop by 50 basis points depending on the country’s progress in cutting greenhouse gas emissions. It is the first-ever sustainability-linked bond issue from a European sovereign, the Ministry of Finance pointed out. Bankers […]
The Republic of Serbia and Germany’s KfW Development Bank signed a loan agreement on July 18 for EUR 135 million for the second phase of the credit program Green Transition Development Policy Operation (DPO II). The signatures underscore the joint activities by Germany and Serbia aimed at a climate-compliant and socially just energy transition, said […]
The European Commission proposed an amendment to the European Climate Law, setting a 2040 target of a 90% reduction in net greenhouse gas emissions from the 1990 level. The outlined measures would give certainty to investors, promote innovation and business competitiveness and increase energy security, according to the European Union’s executive body. The EU is […]
The International Institute for Climate Action (IICA) held its third international Future Green Initiative conference on climate change. The event in Zagreb was dedicated to the role of the business and financial sectors in mitigating climate change. President of IICE Marija Pujo Tadić said Europe wants other states and the main global players to join […]