G20 countries directed more funds to fossil fuels projects than to renewables
Since the beginning of 2020, the G20 countries have committed at least USD 296 billion for fossil fuels and USD 227 billion for renewables.
UN’s IPCC: Global warming may reach 1.5 degrees already by 2040
Only a drastic CO2 emission cut can prevent the worst global warming scenario, but the 1.5-degree level will still be hit by 2040, IPCC said
Turkish exporters to EU face EUR 771 million burden due to carbon border tax
Producers of cement, aluminium, electricity, and steel could face additional costs estimated at EUR 399-771 million in 2026.
Albania, Serbia among 81 Paris Agreement signatories that haven’t sent new emission cut targets
By the July 30 deadline, 110 parties to the Paris Agreement or 58% submitted new or updated nationally determined contributions or NDCs.
Croatia’s recovery and resilience plan: EUR 200 million for Rimac autonomous taxis
The country earmarked EUR 200 million from its recovery and resilience plan for Rimac's urban mobility ecosystem with electric autonomous taxis.
Earth Overshoot Day is July 29: resource consumption rebounds after pandemic
After the pandemic caused a decrease in the use of resources in 2020, the world returned to business as usual and matched the worst result ever.
Energy 2021 conference: experts recommend coal phaseout and transition to renewables as best solution for Serbia’s energy sector development
The optimal solution for Serbia’s energy sector is a hybrid model that entails a coal phaseout and transition to renewable energy sources, with natural gas and hydrogen as transitional fuels, experts say.
Fit for 55 package to push CO2 prices to EUR 90 by 2030
A price increase is expected in particular in the second half of the decade, according to the analysis of the ICIS.
