Germany to support climate action in Serbia with € 309 million package
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Serbia and Germany have signed a declaration of intent on strategic cooperation in the field of climate action, worth 309 million euros ($ 358 million), reports Balkangreenenergynews.com.
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 JoksimoviÄ.
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.
JoksimoviÄ said that teams from all Serbian government ministries and members of the German delegation would review all important projects to identify areas where German financial aid and subsidies would be most beneficial.
The signing of the declaration was announced during the recent visit of German Chancellor Angela Merkel to Belgrade. However, it was not made clear at the signing ceremony whether the â¬ 309m will come in the form of loans or grants.
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