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Serbia unlikely to participate in EU ETS until after 2020

12 May 2014 11:36:55 | edcm

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Serbia is unlikely to feature as part of the EU emissions trading system (ETS) until after 2020, Danijela Bozanic, head of the climate change unit at the country’s environment ministry said to ICIS on Friday.

Serbia is currently developing an ETS. As a candidate for joining the EU, the country is required to adhere to all laws of the bloc, including climate regulation.

But the southeast European country is unlikely to participate in phase III of the EU ETS. “We don’t think that it could be possible from both sides [Serbia and EU],” Bozanic said.

Since September 2013, Serbia has been working on a two year-long ETS monitoring, verification and reporting project. It is funded by €1m from the EU and experts from across Europe are providing advice.

There is a meeting this week to establish which organisations in Serbia would be responsible for the country’s ETS operation and this should be finalised by June, Bozanic said.

“The transposition and implementation of EU energy and climate change legislation and specifically the near-term participation of Serbia in the EU ETS is at the core of Serbia’s Climate Change Strategy,” the delegation of the EU to Serbia previously said.

Around 130 Serbian companies would be captured by the ETS.

All 28 EU countries participate in the EU ETS, along with the European Economic Area-European Free Trade Association nations of Iceland, Liechtenstein and Norway.

Of all of the EU’s emissions, 45% are captured by the its flagship tool to cut carbon. Ben Lee

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