Most of bilateral financing of power plants from China, Japan, US went to fossil fuel projects
Between 2000-2018 three countries financed coal and gas power plants with installed capacity of 243 GW.
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.
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.
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.
Carbon border tax to be imposed on steel, iron, cement, fertilizers, aluminium, electricity – leaked draft
The European Commission is considering a transitional period of three years for fully implementing CBAM, from 2023 until 2026.
Energy transition in Serbia kicks off – challenges in planning, implementation
Serbia’s decision to halt the construction of thermal power plant Kolubara B is the country’s first serious step in the energy transition.
Montenegro to set coal phaseout deadline in national energy and climate plan – prime minister
The country is preparing a new energy strategy, which will put priority on renewable energy sources in order to achieve climate neutrality.
Serbia starts drafting national energy and climate plan
The Ministry of Mining and Energy has launched a project called the Further Capacity Development for Energy Planning, which will include the drafting of a NECP.