Montenegro leading energy transition in region
In May 2019, Montenegro joined the not-so-large group of countries that managed to cover the entire electricity demand over a certain period of time from domestic renewable energy sources. “This proves that energy transition is possible, that it is possible to stop using fossil fuels for electricity production,” says Montenegro’s Economy Minister in charge of […]
European Commission: North Macedonia moderately aligned on energy, makes limited progress in environment-related laws
North Macedonia remains moderately aligned with the EU acquis in the field of energy, while making limited progress in further harmonizing some environment-related laws and policies. At the same time, the alignment of the climate-related rules is still at an early stage, according to the European Commission’s latest report on the country’s alignment with the […]
European Commission: Kosovo* continues to rely on lignite, some progress seen on renewables
Kosovo* has some level of preparation in the field of energy, but continues to rely on highly polluting lignite, according to the European Commission’s latest annual report, part of its annual assessment of the implementation of reforms in the Western Balkan partners. Kosovo* made some progress in the area of energy, including the adoption of […]
IEEFA: GE lost billions in market capitalization by misjudging energy transition
According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA), General Electric (GE) lost USD 193 billion or 74% of its market capitalization over 2016-2018. “This value destruction was driven in large measure by the collapse of the new thermal power construction market globally – a collapse which caught GE entirely […]
Ministers on region’s energy transition: Countries have right to choose their own energy mix
Energy, economy, and foreign ministers of Bulgaria, Hungary, Montenegro, Romania, Republika Srpska (an entity of Bosnia and Herzegovina), and Serbia believe that energy knows no borders, which requires regional cooperation, while they are adamant that every country has the right to determine its own energy mix. According to the ministers, who spoke at the Summit […]
European Commission: Albania should urgently diversify away from hydropower, properly conduct environmental assessments
Albania is moderately prepared in the area of energy, according to the European Commission’s latest report on the country’s alignment with the EU acquis. Albania’s national energy strategy 2018-2030 has been adopted, the Chapter 15 section of the report notes. However, the country has delayed electricity market reforms and should accelerate implementation of the connectivity […]
Greens land historic result in European elections in clear call for climate action
The Greens claimed their best ever result in the European Parliament (EP) elections held over the weekend, in what is seen as voters’ call for climate action. The Greens/EFA group, projected to have around 20 seats more than so far, is set to be the fourth-largest force in the EP, which could put it in […]
Vattenfall CEO Magnus Hall named new president of Eurelectric
Vattenfall President and CEO Magnus Hall has been appointed new president of Eurelectric for the next two years, according to press releases from the Sweden-based energy company and the pan-European electricity sector association. Eurelectric, the European industry association for the electricity sector, represents over 3,500 companies in more than 30 European countries in power generation, […]