Signal · indexed from Agence Française de Développement (AFD)
evof@afd.fr
Supporting the implementation of Serbia’s Green Agenda - Phase 1evof@afd.frFri, 4 Sep, 2026 - 14:16 September 4, 2026 Désactivé CRS1025 Completed Serbia BiodiversityClimate BiodiversityClimate Serbia Climate Action Sovereign loan AFD, in partnership with the World Bank and the Kreditanstalt für Wiederaufbau (KfW), is supporting the implementation of Serbia’s Green agenda roadmap through a pluriannual and multisectoral reform programme. ContextSerbia, a European Union (EU) candidate country, is facing significant environmental challenges affecting the quality of life of its people. Climate change creates both a physical and a transition risk for the country, whose economy is highly carbon intensive due to its dependence on coal, with power generation dependent on coal mining and processing. Under the Paris Agreement, Serbia has committed to reduce its greenhouse gas emissions by 33.3% by 2030 compared to 1990 levels, as stated in its revised Nationally Determined Contribution (NDC), from August 2022. In addition, as part of its accession process to the EU, Serbia has also committed to implement a multidimensional Green Agenda roadmap, 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.DescriptifIn this context, this budgetary public policy loan supports the implementation of the Green Agenda roadmap in a programmatic and pluriannual approach. This operation is based on reform objectives enabling to develop and strengthen the regulatory and institutional framework of Serbia in three different pillars of the Green Agenda: Support to the Serbian government in its ambitions to increase public investment expenditure directed towards the environment and the fight against climate change. This pillar has three main components: (i) transparency of public expenditure and introduction of a methodology for classifying "green" expenditure; (ii) assessment and management of budgetary risks related to climate hazards; and (iii) estimation of climate co-benefits of public investments.Support for reforms in the fields of renewable energy, energy efficiency and the fight against energy poverty. • Development of two critical areas of action for the alignment of Serbian environmental legislation with the EU Acquis, namely (i) the waste sector and (ii) the air quality. The first phase of the programme of a maximum total amount of € 389M is co-financed by the World Bank, KfW, and AFD. AFD’s financing will take the form of a multi-tranche facility with a first tranche of an amount of €135M .ImpactsThis 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-carbon trajectory integrating the development of renewable energies and energy efficiency improvements, and (iii) strengthening governance in the energy efficiency sector, and () the alignment of Serbia's environmental standards with those of the EU, particularly in the fields of solid waste management and air quality. June 1, 2023 February 1, 2024 PEEB COOL program for energy renovation in public buildings Technical Assistance 2026 - 2031Western Balkans, North MacedoniaFinancing amount : € 1 000 000Support for the digitalization of an electrical substation 2024 - 2029Western Balkans, SerbiaFinancing amount : € 12 000 000Preparation of the 2030 Mediterranean Games 2026 - 2038Western Balkans, KosovoFinancing amount : € 61 200 000Supporting the implementation of Serbia’s Green Agenda - Phase 1 2023 - 2024SerbiaFinancing amount : € 135 000 000Supporting the implementation of Serbia’s Green Agenda - Phase 2 2025 - 2026Western Balkans, SerbiaFinancing amount : € 135 000 000Support of the green transition roadmap of Montenegro 2024 - 2024Western Balkans, MontenegroFinancing amount : € 50 000 000Supporting the implementation of Serbia’s Green Agenda - Phase 1 2023 - 2024SerbiaFinancing amount : € 135 000 000Support of the green transition roadmap of Montenegro 2024 - 2024Western Balkans, MontenegroFinancing amount : € 50 000 000Preparation of the 2030 Mediterranean Games 2026 - 2038Western Balkans, KosovoFinancing amount : € 61 200 000State 135 000 000 € € Republic of Serbia Adresse Agence régionale des Balkans Occidentaux
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