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Supporting the implementation of Serbia’s Green Agenda - Phase 2
Project
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Project start date
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Status
Ongoing
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Project end date
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AFD financing amount
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€ 135 000 000
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Country and region
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Type of financing
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Beneficiaries
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Republic of Serbia
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Type of beneficiary
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State
AFD is supporting the implementation of Serbia’s climate roadmap through the Second Green Transition Programmatic Development Policy Operation (DPO).
Contexte
Under the Paris Agreement, the Republic of Serbia has committed to reduce its greenhouse gas emissions by 33.3% by 2030 compared to 1990 levels. As part of its EU accession process, Serbia has also committed to implement a multidimensional Green Agenda, based on the European Green Deal, adopted by the Western Balkans Heads of State at the EU-Balkans Summit in Sofia on 10 November 2020.
Descriptif
The proposed loan is the second in a programmatic series comprising two DPOs, with the first DPO signed in June 2023. It is associated with a matrix setting policy objectives aiming to develop and strengthen the regulatory and institutional framework and to support the Government of Serbia’s efforts to:
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Align fiscal management with climate-change goals
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Accelerate the clean energy transition, and
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Strengthen the legal framework for GHG mitigation and pollution management.
Impacts
This programme will contribute to Serbia’s sustainable development roadmap and, more specifically, to (i) sustainable growth through the implementation of green budgeting and green tagging, (ii) a low-growth trajectory, and promotion of renewable energies, (iii) strengthening governance in the energy efficiency sector, and (iv) reducing inequalities through measures to combat energy poverty.
Sustainable Development Goals
Life on Land
Goal 15 aims to implement the sustainable management of terrestrial ecosystems – forests and mountains – by preserving biodiversity and soils and limiting the long-term impacts of natural disasters. It calls for integrating ecosystem and biodiversity protection into national planning and poverty reduction strategies. SDG 15 also stresses the need to protect endangered species through strengthened international cooperation against poaching and trafficking, and by implementing controls—or even eradication—of invasive alien species that harm ecosystems.
