Electricity, carbon prices plummet as coronavirus wounds EU economy
Market participants pushed prices of electricity and emission certificates lower at the main exchanges in Europe while widespread shutdowns caused a decline in carbon and other greenhouse gases released by the industry because of restrictions aimed at slowing the spread of the coronavirus. Statistical data show a global recession is close as the pandemic crippled […]
Montenegro adopts bylaw to introduce emission credits system
The new scheme, required under EU rules, is designed to limit operations of industrial and energy facilities that contribute to climate change. Montenegro has regulated the system of auctions and the trade in emission credits. Following the adoption of the Law on Protection from the Negative Impacts of Climate Change, the government in Podgorica has […]
European Commission: Turkey makes good progress on renewables, energy efficiency
Turkey is moderately prepared in the area of energy, according to the European Commission’s latest report on the country in view of EU enlargement. Good progress has been made on security of supply, renewable energy, and energy efficiency, the European Commission said. In the coming year, Turkey should in particular: adopt legislation in line with […]
Cyprus preparing plan to cut GHG emissions, plastic waste – minister
Cyprus will complete a new national plan for climate and energy within the year to address cutting GHG emissions and plastic waste, Agriculture, Rural Development, and Environment Minister Costas Kadis said during a recent discussion in the Cypriot parliament. For his part, Theodoulos Mesimeris, Head of the Climate Change Unit at the ministry’s Department of […]
