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CBAM u Jugoistočnoj Evropi: kako tržišni poremećaji povećavaju sistemske troškove i operativni rizik
Rani efekti CBAM-a u Jugoistočnoj Evropi ne vide se samo kroz trgovinu i konkurentnost, već i kroz operativne posledice na mreži. U prvom kvartalu 2026. razilaženje…
CBAM menja investicione signale na energetskim tržištima Jugoistočne Evrope: ko dobija, a ko snosi rizik fragmentacije
Prvi kvartal 2026. pokazao je da ulazak CBAM-a u odlučujuću fazu premešta fokus investitora sa pukih razlika u cenama električne energije na trošak ugljenika i regulatornu…
CBAM spaja elektroenergetske tokove i EU ETS: volatilnost ugljenika ulazi u prekograničnu trgovinu Jugoistočne Evrope
Od prvog kvartala 2026. trošak CBAM sertifikata za uvoz električne energije vezan je za kvartalni ponderisani prosek EU ETS cena, pa se volatilnost ugljenika prenosi direktno…
CBAM u elektroenergetici Jugoistočne Evrope: kada komercijalni planovi ne prate fizičke tokove
U prvom kvartalu 2026. u Jugoistočnoj Evropi zabeleženo je rastuće razilaženje između komercijalno prijavljenih prekograničnih razmena i stvarnih fizičkih tokova električne energije, trend koji se povezuje…
CBAM tests EU–Western Balkans power market integration: early 2026 signals point to a reset
Electricity links between the EU and the Western Balkans remain largely operational, but carbon costs introduced by CBAM are disrupting price convergence and shrinking cross-border trade…
CBAM’s knock-on effects in Southeast Europe: higher system costs and operational risk
In Q1 2026, CBAM-driven changes to trading schedules in Southeast Europe are increasingly diverging from actual electricity flows—raising balancing needs, grid stress and operational risk for…
CBAM’s early impact in Southeast Europe: renewables gain, but cross-border trade faces new friction
In Q1 2026, Western Balkan electricity prices were well below EU levels, but the Carbon Border Adjustment Mechanism added carbon costs on imports from coal-intensive systems—undercutting…
CBAM and EU ETS volatility are reshaping cross-border power trading in Southeast Europe
As CBAM pricing for electricity imports is tied to the quarterly weighted average EU ETS allowance price, carbon-market swings are now feeding directly into the economics…
CBAM’s knock-on effect in Southeast Europe: when electricity schedules diverge from physical flows
In Q1 2026, scheduled cross-border trades in parts of Southeast Europe fell sharply while physical electricity flows largely held up, reflecting CBAM-driven changes in nominations rather…
Montenegro’s service economy delivers stability—while increasing exposure to external shocks
Montenegro’s 2026 growth profile is anchored in a service-led model, with tourism and related activities generating foreign exchange and supporting capital inflows. But the same structure…