The Serbian Law on Greenhouse Gas Emissions Tax and Law on Carbon-Intensive Product Imports Tax, both at EUR 4 per ton of CO2 equivalent, are coming into effect on January 1. It is the country’s answer to and equivalent of, respectively, the European Union’s Carbon Border Adjustment Mechanism (CBAM). Notably, several bylaws are still required for […]
The United Nations Environment Programme (UNEP) has released its annual Emissions Gap Report 2025: Off Target, assessing the state of global greenhouse gas emissions. The document outlines the gap between where global emissions are headed – based on announced national policies and pledges – and what is needed to meet international temperature targets. Ten years […]
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 […]
The Economic Chamber of North Macedonia has developed the country’s first decarbonization guide for small businesses. The digital tool is intended to help North Macedonia’s economy adapt to international climate rules, including the European Union’s carbon border tax (CBAM). The decarbonization guide provides detailed instructions on the most effective ways for local companies to reduce […]
Over 300 officials, policymakers, experts, business leaders, scholars and civil society representatives are gathering in Skopje on October 28 at the three-day International Forum on Energy for Sustainable Development (14-IFESD). Key topics include energy connectivity, energy security, a just energy transition and international energy cooperation. The 14th International Forum on Energy for Sustainable Development (14-IFESD) […]
The Ministry of Finance of Serbia launched public consultations on the draft Law on Greenhouse Gas Emissions Tax and Law on Carbon-Intensive Product Imports Tax, both at EUR 4 per ton of CO2 equivalent. On January 1, importers of electricity, cement, iron and steel, aluminum, hydrogen and fertilizers to the European Union will start paying […]
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 […]