climate change
Energy Community is obligated to follow EU’s CEEAG state aid guidelines
14 February 2022 - The EU's Guidelines on State Aid for Climate, Environmental Protection and Energy (CEEAG) are obligatory, the Energy Community Secretariat said
World’s largest companies promise much more climate action than they deliver
10 February 2022 - Large global companies emphasize intentions to reduce carbon emissions to net zero, but according to the results of the latest analysis, they are going to reduce them by only 40% on average, against their pledges for 100%
European carbon emission prices hit record highs, nearing EUR 100 per ton
03 February 2022 - The cost of a ton of CO2 within the EU ETS reached an all-time high of just below EUR 95 as the market is bracing for a rally to EUR 100.
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
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
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
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
GGF, UniCredit Bank Serbia conduct first local currency transaction in Serbia for green recovery
06 December 2021 - The Green for Growth Fund conducted the first local currency transaction in Serbia by providing a loan to UniCredit Bank Serbia
GEK Terna to raise EUR 300 million via green bonds with obligation to cut emissions
06 December 2021 - Greek construction and energy giant GEK Terna is preparing to sell common sustainability-linked bonds with a target of EUR 300 million
EBRD, EU, Austria donate 360 trees for greener Belgrade
03 December 2021 - The EBRD, EU and Austria supported the planting of 360 trees in Belgrade out of 1,000 in total across the Western Balkans