Germany’s KfW Development Bank is donating EUR 2 million to Elektroprivreda Bosne i Hercegovine (EPBiH). The funding is for the acceleration of the energy transition and strengthening market mechanisms in Bosnia and Herzegovina’s state-owned power utility. The grants cover monitoring carbon dioxide emissions and related reporting as well as the development of a decarbonization roadmap […]
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 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 […]
State institutions, companies, organizations, and individuals have until August 6 to deliver their suggestions and comments about the draft National Energy and Climate Plan of Montenegro. It sets the provisional date for taking the Pljevlja coal power plant, the only one in the country, at 2041, but the authors pointed out that it primarily depends […]
Croatia plans to achieve an efficient and just green transition by implementing its EUR 1.6 billion Social Plan for Climate Policy. The Ministry of Environmental Protection and Green Transition has presented the Social Plan for Climate Policy and the European Union’s upcoming Emissions Trading System 2 (EU ETS 2) in Croatia’s capital Zagreb. The event […]
Croatia is one of the three European Union member countries with the highest methane emissions from the oil and natural gas industry, according to research by Greenpeace Croatia and the Clean Air Task Force (CATF). Greenpeace Croatia noted that methane has 84 times greater global warming potential than carbon dioxide on a 20-year timescale. Methane […]
According to Ember’s new figures, renewable energy sources met almost three quarters of last year’s increase in the world’s electricity demand. Together with nuclear energy, they would have covered almost the entire jump if it wasn’t for the share attributed to the annual increase in temperatures. Looking at it the other way around, the need […]
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 […]