EU adopts rules for CBAM transitional phase starting from October 1

EU adopts rules for CBAM transitional phase starting on October 1

18 August 2023 - Importers of electricity, aluminium, cement, fertilizers, hydrogen, iron, and steel to the EU will be charged a carbon border tax from 2026

IPCC-global-warming

New IPCC chief plays down climate change gloom: 1.5°C global warming would not destroy humanity

02 August 2023 - Surpassing the 1.5°C mark would lead to many problems, but it would not constitute an existential threat to humanity, says Jim Skea

european-commission-sustainability-eu-reporting

EU aligns sustainability reporting with global standards, but slammed for ‘watering down’ requirements

01 August 2023 - The new rules have drawn criticism for “watering down” the sustainability reporting requirements and smoothing the way for greenwashing

devnya-cement-carbon-free-capture

Bulgaria’s Devnya set to become first carbon-free cement maker in Eastern Europe

22 June 2023 - The project, valued at EUR 750 million, has already received EUR 190 million in financing from the EU Innovation Fund

voli-solar-ebrd-investments

Montenegro’s biggest retail chain to install 4 MW of solar panels

14 June 2023 - Voli will also install electric charging stations, which will support the transition to low-carbon transportation

ESG-Regulators-must-understand-development-to-achieve-decrabonization

ESG – regulations should go hand-in-hand with development to ensure decarbonization

13 May 2023 - Belgrade Energy Forum 2023 brought together companies with developed ESG strategies - Lafarge, A1, UniCredit Bank, BASF, and Interenergo

emissions-carbon-credit-trading-montenegro

Montenegro to use carbon credit revenue to subsidize solar panel installation

09 May 2023 - Montenegro raised some EUR 9.26 million in an auction of emission allowances for 2022

co2

Greek industries can save EUR 6 billion through CO2 capture, storage

25 April 2023 - CO2 capture and storage has the potential to generate up to EUR 6 billion for the Greek economy, according to a new study

Bulgarian parliament NRSP plan energy coal CO2 reduction target

Bulgarian parliament tells government to abandon CO2 reduction target

13 January 2023 - The parliament has obliged the government to change the National Recovery and Resilience Plan in the section covering energy

US-climate-action-landmark-bill

US chooses to step up climate action with landmark bill

09 August 2022 - The US Senate has approved a bill that allocates USD 369 billion for combating climate change

BMW-ifactory-green-car-production

BMW building world’s first carbon-free car plant in Hungary

03 June 2022 - The new BMW factory in Hungary will produce electric automobiles entirely without the the use of fossil fuels.

Ratesti-Romania-INTEC-CHINT-solar

Romania’s biggest solar power plant to be built by INTEC-CHINT consortium

04 May 2022 - INTEC Energy Solutions and CHINT Solar have been awarded the contract to build the largest solar power plant in Romania

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