Climate Change
Fossil fuels still subsidized more than renewables in EU, auditors find
01 February 2022 - The EU's energy taxation and carbon pricing policies don't square with its climate goals, the European Court of Auditors said in a review
Bulgaria could warm by 4.4 °C by 2100, lose 20% of precipitation
01 February 2022 - Bulgaria is severely affected by climate change, WWF and the Konrad Adenauer Foundation said, warning the temperature rise could reach 4.4 degrees by 2100
McKinsey – Decarbonizing economy requires over USD 9 trillion per year
27 January 2022 - Achieving the goal of net-zero emissions by 2050 implies global investments of USD 9.2 trillion a year, 3.5 trillion more than today
Agora: Faster decarbonization in Western Balkans would ease impact of EU’s CO2 border tax
21 January 2022 - The Western Balkans need to step up the integration of their power markets and roll out carbon pricing to avoid the CO2 border tax, Agora said
BlackRock CEO`s message for 2022: We focus on sustainability not because we are environmentalists, but because we are capitalists
20 January 2022 - Larry Fink said in his annual letter that BlackRock would continue to encourage companies to react to climate change because it has financial significance
Carbon capture projects failing but still to play role in energy transition
14 January 2022 - The carbon capture technology is still experimental, but it may have a shot with a proper funding scheme and a functional market
Germany’s new government announces ambitious decarbonization plan
13 January 2022 - Germany published a climate plan for the 2030 emissions target, decarbonization of industry, electrification of transport, and heating
EU should roll out CO2 border tax earlier, apply it to indirect emissions from electricity
12 January 2022 - The draft report is part of the legislative procedure for the adoption of the carbon border adjustment mechanism (CBAM)
Summer of 2021 in Europe was warmest ever
12 January 2022 - The last seven years were the warmest on record globally by a clear margin, and 2021 was the fifth-hottest year ever recorded
Most read articles on Balkan Green Energy News in 2021
30 December 2021 - The most important topics for our readers in 2021 were lithium, the coal phaseout and investment in renewable energy in Serbia
Albania becomes second country to submit draft NECP to Energy Community Secretariat
23 December 2021 - There is still room for additional policies to help Albania decouple economic growth from greenhouse gas emissions.
EU greenlights state aid regulations including CfDs, partly allows gas projects
22 December 2021 - Projects with government support need to be aligned with the EU's decarbonization goals, with some exceptions for gas
Elon Musk’s SpaceX seeks rocket fuel made from atmospheric CO2
14 December 2021 - Elon Musk revealed SpaceX would launch a program for capturing carbon dioxide from the atmosphere for the production of rocket fuel
IMF: Soaring metal prices may delay world’s energy transition
09 December 2021 - The switch from fossil fuels to low-carbon sources implies a massive leap in demand for metals and other commodities, IMF said
EU supports Serbia in preparing the Integrated National Energy and Climate Plan (INECP)
08 December 2021 - Integrated National Energy and Climate Plan of the Republic of Serbia from 2021 to 2030 with the vision until 2050 is underway
Price of CO2 hits all-time high above EUR 80 per ton
06 December 2021 - The price of permits for emitting CO2 has increased 140 percent in 2021.