A carbon capture and storage (CCS) project developed by cement maker Holcim Romania has been awarded financing under the European Union’s Innovation Fund. The European Commission has selected 61 cutting-edge net-zero technology projects across the EU to receive a total of EUR 2.9 billion in funding, covering sectors such as oil refining, hydrogen, transportation, chemicals, […]
Power utility Elektroprivreda Srbije has developed its Decarbonization Action Plan, said Executive Director for Investments and Development Aleksandar Jakovljević. The Decarbonization Action Plan of Elektroprivreda Srbije (EPS) involves the gradual reduction of electricity production from coal, the construction of pumped storage hydropower plants, and over 20 GW of new capacity from renewable energy sources, Aleksandar […]
With less than three months remaining until the European Union’s Carbon Border Adjustment Mechanism (CBAM) is fully implemented, none of the Energy Community’s contracting parties has yet qualified for an exemption in the electricity segment, according to the 2025 CBAM Readiness Tracker. However, the Energy Community’s report suggests that efforts to meet the are gaining […]
Northern Lights has injected the first CO2 volumes below the seabed of the Norwegian North Sea. The firm claims it is the first to offer commercial carbon storage services. Northern Lights is owned by oil and gas giants Equinor, TotalEnergies, and Shell. The first CO2 volumes have now been transported through the 100-kilometer pipeline and […]
The implementation of the European Union’s cross-border carbon tax and an emissions trading system could cause losses for businesses in Bosnia and Herzegovina ranging from BAM 722 million to BAM 3.17 billion (EUR 369 million to EUR 1.62 billion), according to the latest analysis. At the same time, a statement from the Government of the […]
From January 1st, 2026, Carbon Border Adjustment Mechanism (CBAM) will be effective in the Western Balkans. While the countries are still deciding on the carbon pricing model, the energy intensive industry is advocating for introducing taxation to protect the domestic market from the flood of goods that will not be competitive on the EU market. […]
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 […]
Author: Pippa Gallop, Research Co-ordinator, CEE Bankwatch Network In April this year, the EU proved that whatever difficulties it might be going through, it can still make momentous decisions. It approved new pollution control standards for power stations, entitled the LCP BREF (1) The name might sound obscure, but the results should be concrete: The new […]