Carbon finance
CO2 emissions set to surge, IEA warns
Climate-changing CO2 emissions are set to surge by the second-biggest amount in history this year as the global economy recovers from the Covid-19 pandemic, the IEA warned on April 20, days before a major climate summit.
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Domestic Flights to Be Banned in France to Curb Carbon Emissions
France launched yet another initiative, aimed at curbing carbon emissions. Under new amendments in legislation all domestic flights that could be substituted by train travel for under two and a half hour routes will be permanently suspended, Reuters reported. The move is the last in a series of actions targeted to lower green house gases.
Expensive Carbon Emissions Will Not Affect the Price of Electricity in Bulgaria for Now
In recent months, the price of carbon dioxide (CO2) emissions has increased significantly and is already above the forecast of the Bulgarian Energy and Water Regulatory Commission (EWRC), according to a published report.
European Parliament Approves Introduction of Carbon Border Tax
Future carbon border tax should be introduced for products of oil refineries and the glass, paper and aluminium industry and not only for the power sector and energy-intensive industrial sectors like cement, steel, chemicals, and fertilisers, European lawmakers said.
World Bank okays $300 mln for micro, small firms in Turkey
The World Bank on Dec. 21 announced that under a new project it will provide a finance of $300 million to help avert the closure of viable micro- and small-enterprises (MSEs) in Turkey amid the coronavirus pandemic.
Bulgaria’s Premier Arrives in Brussels for European Council Meeting
Prime Minister Boyko Borissov has arrived in Brussels to participate in the European Council meeting, which will take place today and tomorrow.
In the Belgian capital, European leaders will discuss member states' measures for coping with the COVID-19 pandemic.
Heating oil sale period to be extended to May 15
Responding to increased demand as a result of nosediving global oil prices, the Greek government is planning a legislative amendment that will extend the period during which the sale of heating oil is permitted to May 15 from the customary deadline of April 30.
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RES account shows deficit
The special account for renewable energy sources, through which green power producers are paid, is showing a 423-million-euro annual drop in revenues.
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Parliament has Adopted Amendments to the Climate Change Mitigation Act
The Parliament has adopted amendments to the Climate Change Mitigation Act on second reading, Focus News Agency reported.
The bill aims to enhance cost-effective emission reductions and low-carbon investments.
State arrears to be offset or paid by year-end
The Finance Ministry is attempting to drastically slash the time it takes for the state to pay off its debts to suppliers and to offset debts to taxpayers or suppliers with any dues to all general government entities, in order to stop the creation of new overdue arrears to and by the state.
This will be accomplished through an online platform that has been created for that purpose.
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