Carbon finance

Bulgaria ranks third in increase of harmful emission in the EU in 2017 according to data provided by Eurostat for the previous year, quoted by bTV. For the past year, the increase in Bulgaria was 8.3%, with Estonia (11.3%) and Malta (12.8%) was worse. After us, in growth of harmful emissions is Spain (7.4%) and Portugal (7.3%).

The World Bank has said its board of executive directors on April 12 approved a $91.54 million loan for the Sustainable Cities II Project in Turkey.

Emissions regulated under Europe's carbon market rose for the first time in seven years in 2017 due to stronger industrial output, data published yesterday by the European Commission and examined by carbon analysts at Thomson Reuters showed.

Lilyana Pavlova, Minister for the Bulgarian Presidency of the Council of the EU, and Antonio Tajani, President of the European Parliament, today signed four key pieces of EU legislation to make possible its timely entry into force.

World carbon emissions are set to rise 2 percent this year to a new record, scientists said on Nov. 13, dashing hopes that global emissions had already peaked.

Sofia, together with eight other European capitals - Rome, Paris, Amsterdam, Madrid, Copenhagen, Vienna, Brussels and Helsinki, sent a joint letter to European institutions, which calls for uniform measures against air pollution from transport, inform Sofia Municipality, reports investorbg. 

On Tuesday, the fractured Dutch government announced a coalition of several leading parties and put forward a roadmap for the Netherlands' future. Besides reaffirming the country's support of the EU and offering tax and immigration plans, the coalition said that it wanted all new cars to be zero-emissions vehicles by 2030.

By next month the calculation of the social security contributions of 1.4 million self-employed professionals, freelance workers and farmers will have started, based on their 2016 incomes, and by the end of the year the process of offsetting rebates against any contribution debts will be completed according to a law recently passed through Parliament.

The revised fiscal adjustment program (MoU) approved by the EuroWorking Group includes a package of new harsh measures, according to sources.

The Paris Environmental Agreement entered into force officially on Friday, reported Reuters, cited by BTA.

This will put pressure on nearly 200 countries to start reducing greenhouse gases emissions.

The agreement is aimed at keeping the increase in global average temperature to well below 2°C above pre-industrial levels.