Germany to back climate action in Serbia with EUR 309 mln package

Green Energy

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Serbia and Germany have signed a declaration of intent on strategic cooperation in the field of climate action, worth EUR 309 million (USD 358 million), Balkangreenenergynews.com reports.

With technical and expert assistance from Germany, Serbia will continue to work on strategic documents related to decarbonization, CO2 emissions, and renewable energy sources, according to Serbian Minister for European Integration Jadranka Joksimović.

Based on the declaration, Serbia will develop an institutional model, she said, adding that the strategic documents will be developed through a working group that will include German experts.

Joksimović said that teams from all Serbian government ministries and members of the German delegation will go through all important projects to identify the areas where German financial assistance and grants would be the most beneficial.

The signing of the declaration was announced during German Chancellor Angela Merkel's recent visit to Belgrade. However, it was not specified at the signin g ceremony whether the EUR 309 million will come in the form of loans or grants.

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