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Electricity as export risk: How Serbian exporters inherit grid carbon under CBAM

For most Serbian exporters, electricity has always been treated as a cost variable, not a strategic one. It was something procurement teams negotiated annually,...

Serbian exporters brace for full CBAM enforcement as carbon-cost exposure reshapes contract negotiations

Serbian exporters are entering a new phase of competitive pressure as the European Union moves toward full implementation of the Carbon Border Adjustment Mechanism...

2030–2035 scenario annex: Gas prices, CBAM and export margin dynamics

In a scenario characterised by global LNG tightness, regulatory uncertainty, and persistent geopolitical risk, European gas prices remain volatile with frequent spikes. Average prices...

Serbian industry’s new competitive frontier: Electricity costs, CBAM exposure and declining EU demand

Serbia’s industrial economy is entering a period of structural tension defined by weakening European demand, rising energy-related cost pressures, a widening productivity gap and...

Industry, electricity and the carbon clock: Serbia’s race to secure green power before CBAM reshapes its market

Europe’s Carbon Border Adjustment Mechanism (CBAM) has introduced a new dimension of industrial competitiveness: the carbon clock. Every year that passes without decarbonisation increases...

CBAM, ESG and green finance — how EU rules will reshape Serbian industry by 2035

A profound transformation is sweeping through the global economy, and Serbia now finds itself in the path of a regulatory wave that will redefine...

Serbia prepares to introduce carbon emission and border adjustment taxes starting in 2026

Serbia is in the final stages of preparing to adopt two key climate-related laws: the Law on Greenhouse Gas Emission Tax and the Law...

Serbia to introduce national carbon tax in 2026 alongside EU CBAM levy to curb emissions

Starting in January 2026, Serbia will introduce two new environmental taxes aimed at reducing greenhouse gas emissions and aligning with EU climate policy. The first...

Serbia faces high CBAM risks on electricity exports without completing market integration by 2026

Serbia could avoid paying the EU’s Carbon Border Adjustment Mechanism (CBAM) on electricity if the ongoing process of market integration with Hungary and Bulgaria...

Serbia faces slower growth in 2026 as EPS confronts EU Carbon Tax challenges

Serbia is expected to face slower economic growth in 2026, and Electric Power Industry of Serbia (EPS) could lose market share and revenues due...

Serbia faces high costs and challenges from EU Carbon Border Tax and energy transition

Starting next year, Serbia will be subject to the European Union’s Carbon Border Adjustment Mechanism (CBAM), which will impose additional costs on certain Serbian...

Fiscal Council warns Serbia could face €300 million annual CBAM costs and doubling of electricity prices by 2030

Applying the EU Carbon Border Adjustment Mechanism (CBAM) will cost Serbia’s power sector between 200 and 300 million euros annually from 2026 to 2030,...

Serbia introduces carbon tax for polluting industries to boost decarbonization and align with EU standards

Starting January 1, 2026, Serbian companies in sectors considered major polluters—such as cement, iron, steel, aluminum, fertilizers, and electricity production—will be required to pay...

Serbia leads regional integration into EU electricity market, seeks fair carbon tax implementation

Serbia has become the first country in the region to meet the requirements for integration with the European Union's electricity market, Minister of Mining...
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