export model

EU Carbon Border Tax Reshapes Serbia’s Energy Landscape

The impending implementation of the European Union’s Carbon Border Adjustment Mechanism (CBAM) in 2026 is set to significantly impact Serbia's export dynamics, particularly within its electricity sector, which is predominantly reliant on coal-fired power generation. This regulatory shift is already leading to substantial changes in market conditions for Serbian energy exporters. Since January 2026, Elektroprivreda Srbije (EPS), Serbia's state-owned electricity company, has ceased its electricity exports to the EU. The introduction of CBAM pricing mechanisms has rendered Serbian electricity non-competitive…