Carbon finance

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.

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.

Bulgaria is among the countries with the largest drop in energy CO2 emissions compared to the 1990 baseline.

And according to Eurostat data for 2018, the most significant decline in carbon emissions was reported in Portugal (down 9.0%), followed by Bulgaria (down 8.1%) and Ireland (6.8%).

Coal-fired power plants in the Balkans are failing to hit toxic emissions targets and many face imminent closure if they continue to operate at current rates, the Energy Community warned on Monday in its latest report.

Agriculture production is in a dire state as climate change continues altering temperature and precipitation patterns, a Turkish scientist said.

Scientists warn of serious threats looming over oceans, polar regions and highlands.

Investing $ 1.8 trillion over the next decade - in climate change adaptation measures - could bring in net benefits worth more than $ 7 trillion. These are the conclusions of a global cost-benefit analysis, outlining five strategies for adapting the world to climate change.

UK will completely stop releasing greenhouse gases by 2050, the BBC said.

The goal is set in a new government program to combat climate change and the objectives set will be tantamount to a law. Britain is the first major nation to propose this target

The International Monetary Fund (IMF) has called for the introduction of a global tax on carbon dioxide to combat climate change.

Plans to reduce greenhouse gas emissions from light and light commercial vehicles by 2030, unofficially approved by EU ministers, were voted by MEPs.