Global Energy-Related CO2 Emissions Flattened in 2019, Following Two Years of Increases

Global emission trends Global energy-related CO2 emissions flattened in 2019 at around 33 gigatonnes (Gt), following two years of increases. This resulted mainly from a sharp decline in CO2 emissions from the power sector in advanced economies (Australia, Canada, Chile, European Union, Iceland, Israel, Japan, Korea, Mexico, Norway, New Zealand, …

Energy Community Calls on the Balkans and Ukraine to Scrutinize Subsidies to Coal

In June 2019, the Energy Community Secretariat published a study on analysing and quantifying direct and hidden subsidies to support the coal sector in Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia, Serbia and Ukraine during the period 2015-2017. The Secretariat sent a follow-up preliminary assessment of these subsidies under the …

Oil and Gas Industry Needs to Step Up Climate Efforts Now

Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability. The oil and gas industry now …

Procedure Against Serbia for Lack of Adoption of a National Emission Reduction Plan

Today, the Secretariat of the Energy Community sent an Opening Letter to Serbia to address the incomplete implementation of the Large Combustion Plants Directive. The Directive took effect on 1 January 2018 in the Energy Community. For existing large combustion plants, two alternative implementation avenues exist: either compliance with the …

Global Use of Coal-Fired Electricity Set for Biggest Fall This Year

The world’s use of coal-fired electricity is on track for its biggest annual fall on record this year after more than four decades of near-uninterrupted growth that has stoked the global climate crisis. Data shows that coal-fired electricity is expected to fall by 3% in 2019, or more than the …

European Investment Bank to Phase Out Fossil Fuel Financing

The European Investment Bank has agreed to phase out its multibillion-euro financing for fossil fuels within the next two years to become the world’s first ‘“climate bank”. The bank will end its financing of oil, gas, and coal projects after 2021, a policy that will make the EU’s lending arm …