heavy industry

Serbia’s Energy Transition and the Impact of the EU Carbon Border Adjustment Mechanism

As the European Union implements its Carbon Border Adjustment Mechanism (CBAM), Serbian energy-intensive exporters face a significant challenge in securing sufficient clean electricity. Industries such as steel, aluminum, cement, and fertilizers are now focusing on obtaining verifiable green electricity rather than merely purchasing power at competitive rates. This shift reflects a broader trend where compliance with environmental standards is becoming crucial for maintaining market access in the EU. Currently, Serbia's grid is not equipped to meet the immediate demand for…