Subsidies for fossil fuels doubled in 2021 and continue to increase
Support for fossil fuels doubled in 2021 compared to the year before to nearly USD 700 billion, slowing progress toward climate goals
Albania, Serbia sign memorandum to cooperate in energy, mining sectors
The memorandum of cooperation between the two countries was signed at a summit of the Open Balkan initiative in Belgrade
German firms reduce, halt production over high energy prices
The halting of production because of the high energy prices is seen by the German government as an alarming situation
Turkey breaks record in solar, wind power output in July
Turkey's solar power plants generated a total of 2.07 billion kWh and wind power plants 4.2 billion kWh in July
Serbia hikes power price for businesses
Electricity supplied to businesses by state power utility EPS will cost EUR 95 per MWh from September 1
EU governments preparing market reforms to decouple power prices from gas
Austria, Belgium, and Germany believe market reforms are inevitable to weaken the prevailing influence of gas costs on electricity prices
Following Croatia, Montenegro to abolish value added tax on solar panels
The Ministry of Economic Development and Tourism of Montenegro announced that it is preparing new measures to weaken the pressure of the energy crisis in the autumn
Facades of government buildings set to go dark as Serbia readies power saving measures
Serbia plans to offer large discounts on electricity bills to households that cut their consumption compared to the same month a year earlier