Southeast Europe / bneGREEN

Loan guarantee for Bosnia’s Tuzla 7 coal plant confirmed as illegal

Eldar Dizdarevic in Sarajevo December 1, 2021

Further blow for Bosnian Federation's plans to update coal-fired power plant with Chinese loan after US supplier GE pulled out in June.

Serbia looks to nuclear as it embarks on green transition

bne IntelliNews November 22, 2021

Belgrade wants to increase energy security and is also exploring its options for reducing emissions.

Serbia set to exempt major polluters from environmental permits for three more years

Clare Nuttall in Glasgow November 16, 2021

Emissions from coal power plants in Serbia and other Western Balkan countries have been found to cause widespread damage to health both within the region and in nearby countries.

bneGREEN: Coal emerges down, but not out, from Glasgow

Richard Lockhart in Edinburgh November 16, 2021

The COP26 conference finished 26 hours late on November 13, with a last-minute intervention by India watering down the final agreement’s commitment on coal.

bneGREEN: Beyond Oil and Gas Alliance aims to end oil and gas production

Richard Lockhart in Edinburgh November 11, 2021

The Beyond Oil and Gas Alliance (BOGA) is calling for an immediate end to new licensing rounds for oil and gas exploration, and has signed up 11 governments to a promise to end oil and gas production by 2050.

bneGREEN: COP26 sectoral initiatives could close 2030 emissions gap by 9%

Richard Lockhart in Edinburgh November 11, 2021

An initial assessment by Climate Action Tracker of the impact of the Glasgow sectoral announcements for methane, coal, forests and transport show they would reduce the 2030 emissions gap between current government action and a 1.5C pathway by 9%.

bneGREEN: Guterres stresses emissions, finance gaps still major barriers to 1.5C

Richard Lockhart in Edinburgh November 11, 2021

UN Secretary-General António Guterres told the COP26 summit that much work remains to be done to fill the emissions gap and the finance and adaptation gap, despite welcoming the agreements on forests, methane and coal made so far.

bneGREEN: First COP26 agreement lacks targets and detail

Richard Lockhart in Edinburgh November 10, 2021

COP26 has come up with a first draft agreement that calls on governments to improve substantially by the end of 2022 their emissions reduction targets and long-term strategies for reaching net zero.

bneGREEN: COP26 still far from comprehensive agreement

Richard Lockhart in Edinburgh November 10, 2021

The first week of COP26 was dominated by grand statements by governments, and a number of sector-specific targets covering methane, coal and deforestation.

bneGREEN: Paris Accords targets will be missed, World on course to see 2.7C-3.1C increases in temperature by 2100 without drastic reductions

bne IntelliNews November 8, 2021

The global community will miss the Paris Accord target of keeping temperature rises to 1.5C and will see them climb to between 2.7C and 3.1C by 2100 unless emissions are cut by 15% a year from now on.

bneGREEN: Gas and nuclear lobby hard to be declared green in Europe

Richard Lockhart in Edinburgh November 5, 2021

Gas and nuclear power should be considered as sustainable investments in the EU green taxonomy, a confidential non-paper sent to the European Commission on October 29 and circulating in Brussels has claimed.

bneGREEN: Coal dominates at COP26 as more countries join the clean transition

Richard Lockhart in Edinburgh November 4, 2021

Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.

bneGREEN: Climate Investment Funds issues new generation of green bonds worth $500mn

Richard Lockhart in Edinburgh November 4, 2021

The World Bank has backed the issue of $500mn of green bonds ever year for 10 years in a bid to raise private capital to scale up clean energy and sustainable infrastructure in emerging economies.

bneGREEN: World finally commits to $100bn of climate finance for global south

Richard Lockhart in Edinburgh November 4, 2021

UK Chancellor Rishi Sunak said at COP26 that the world’s rich nations would make good on their promise of $100bn per year of climate financing for poor countries by 2023.

bneGREEN: COP26 finds renewed commitment to 1.5°C

Richard Lockhart in Edinburgh November 3, 2021

The US has joined the High Ambition Coalition and has signed up to the goal of limiting global warming to 1.5°C by 2100, halving global emissions by 2030 and making good on the promise of $100bn per year of climate finance for poor nations.

bneGREEN: Mixed outlook for COP26 as leaders embark on search for agreement

Richard Lockhart in Edinburgh November 1, 2021

COP26 is trying to put flesh on the bones of the targets and promises made at the 2015 Paris meeting.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

bneGREEN: Energy crisis sends Western Balkans back to coal

bne IntelliNews October 26, 2021

Serbia and North Macedonia are raising coal power generation in response to the energy crisis that has seen electricity prices soar.

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

bneGREEN: G7 could set green example for rest of world

By Richard Lockhart in Edinburgh October 21, 2021

G7 countries have the potential to reach net zero in the power generation sector by 2035 and spur decarbonisation in other economies and sectors.

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