PPC, EPCG get EUR 210 million in loans to absorb coronavirus challenges
State-owned power utilities from Greece and Montenegro – Public Power Corporation (PPC) and Elektroprivreda Crne Gore (EPCG), have secured loans in the amount of EUR 210 million to absorb the challenges presented by the coronavirus pandemic. The loans, approved by the European Bank for Reconstruction and Development (EBRD), will enable the companies to continue to […]
Earth Overshoot Day is August 22 but Balkans already spent most of 2020 environmental credit
The COVID-19 pandemic reduced the overconsumption of nature’s capacity to levels from 15 years ago, but it doesn’t guarantee a permanent reversal in the trend, according to data behind the Earth Overshoot Day model. If we look at the environmental impact by country from the start of the year, only one in the Balkans isn’t […]
Energy companies in Montenegro to invest EUR 734 million by 2024, EUR 1 billion in total
Energy companies in Montenegro plan to invest more than EUR 1 billion, of which EUR 734.6 million in the next four years, according to the third socio-economic package, adopted by the government to mitigate the coronavirus pandemic effects. The largest part of these investments will be implemented by state-owned companies Elektroprivreda Crne Gore (EPCG), Crnogorski […]
EU cuts Just Transition Fund to EUR 10 billion in COVID-19 recovery deal
The European Council reached an agreement on the seven-year budget through 2027 including a mechanism for the recovery from the effects of the coronavirus pandemic worth EUR 750 billion. The EU heads of state and government gave the green light for EUR 10 billion for the Just Transition Fund from the COVID-19 war chest, slashing […]
Cyclists ask European Parliament to add bicycle infrastructure, incentives
EU lawmakers and cycling organizations pressed European Parliament President David Sassoli and Secretary-General Klaus Welle to make more room for pedestrians and cyclists and encourage MEPs and employees to avoid using cars for commuting. European capitals and countries are continuing to support bicycle traffic and infrastructure, one of the activities that may also limit the […]
Carbon prices jump in EU, taking industrial pollution costs to 14-year high
Expenses for greenhouse gas emissions at factories and energy producers briefly surged to a level unseen since 2016. As the EU tightens environmental regulations and polluters are suffering from rising carbon costs, green technologies are becoming more profitable. Uncertainty and the lockdown measures throughout the world to curb the spread of the coronavirus devastated the […]
ERS risks failure of Bistrica hydropower plants project on lack of funding
ERS claims it would extend deadlines for the three hydropower plants on the Bistrica, citing force majeure due to the COVID-19 pandemic issues. Contractor AVIC-ENG from China is said to have the option to terminate the contract if funding isn’t found in less than two months and to keep the advance payment. Elektroprivreda Republike Srpske, […]
Plastic Free July – there are alternatives to single use packaging
The world is marking Plastic Bag Free Day on July 3 alongside Plastic Free July awareness campaign which teaches us that in parallel with global efforts, each individual should learn to make small changes and choose to refuse single plastics we use every day. At the same time, it teaches us that despite current challenges […]