China pledges carbon neutrality by 2060
China, the world’s largest emitter of greenhouse gasses, has pledged to become carbon neutral by 2060. The pledge was given by Chinese President Xi Jinping during his speech at the general debate of the 75th session of the United Nations General Assembly. Jinping spoke via video link. The pledge was given by Chinese President Xi […]
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 […]
GGF, Yapı Kredi Leasing support renewables in Turkey with loan package of EUR 20 million
The Green for Growth Fund – GGF invested in Turkey’s Yapı Kredi Leasing for the fourth time. The senior loan of EUR 20 million is primarily intended for rooftop solar installations at industrial facilities. The Green for Growth Fund (GGF) said it provided a senior loan of EUR 20 million to Yapı Kredi Leasing, based […]
Introduction of emissions trading is request of our time and no matter of choice
With the adoption of the climate change law and the introduction of an emissions trading system, Montenegro solidified its position as the region’s leader in energy transition. It seems the political elite and experts have no doubts on which way to go, which is best seen in the words of Ešef Husić, Director General of […]
Low costs boost demand for renewables during coronavirus crisis
Green energy has been the most resilient to the effects of lockdowns worldwide, said Dave Turk, Acting Deputy Executive Director of the International Energy Agency. The demand for renewables is seen growing 1% this year, while the coronavirus impact may push the level in the overall energy sector as much as 6% lower, according to the […]
EU, UNDP send Joint Message to Serbian government on climate change
We are publishing the Joint Message without any intervention. In the aftermath of the 2019 UN Climate Summit, which garnered momentous pledges by governments and the private sector to cut greenhouse gas emissions to net-zero by 2050, the European Union Delegation to Serbia and the United Nations Development Programme (UNDP) kindly request the support of […]
Government of Montenegro adopts bill on protection from negative impact of climate change
The Government of Montenegro has adopted a bill on protection from the negative impact of climate change and sent it to parliament for approval. Montenegro is one of the first countries in the region and the first Contracting Party to the Energy Community Treaty to adopt such a document. The key objective of the bill […]
International Day of Forests: Deforestation is global, regional problem contributing to climate change
Forests filter out dust and other particles from air and have a positive impact on precipitation and the quality and availability of water. They prevent soil erosion and landslides, lower surface and air temperatures, and safeguard biodiversity. Today is International Day of Forests, which the United Nations General Assembly proclaimed in 2012 to raise awareness […]