Emissions reduction

Recent Eurostat data unveils a concerning trend in the European Union's energy landscape, highlighting an increase in fossil fuel dependence from 69.9% in 2021 to 70.9% in 2022. Notably, Bulgaria sees a 2.8 percentage point rise, contributing to this shift.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic signed on Friday a MoU with China's Shanghai Fengling Renewables Co Ltd and Serbia Zijin Copper doo Bor on investments in renewable energy sources.

Real CO2 emissions from most passengers cars on EU roads are the same as 12 years ago despite reduction targets set in 2010 for newly registered vehicles, putting in jeopardy Europe's green agenda, the European Court of Auditors (ECA) said on Wednesday.

On 6-8th February, the international renewables investment conference Energy Week Black Sea will take place in Bucharest, Romania.

The burgeoning allure of the Romanian market to renewable energy investors is steadily ascending, serving as an eminent focal nexus for the entire region in its collective journey towards the transformative embrace of sustainable energy.

Bulgaria's Minister of Environment and Water, Julian Popov, has affirmed the country's commitment to phasing out coal-fired power plants, emphasizing that the transition will be market-driven rather than state-mandated. Minister Popov stated that the market forces are currently leading the closure of such plants and predicted that there is no viable future for them beyond 2030.

In a transformative decade for the energy sector spanning from 2012 to 2022, employment in green energy has seen a remarkable surge of nearly 90%, with the current workforce standing at 13.7 million, research shows.

The government's medium-term program attaches great importance to structural transformation as well as ensuring macro financial stability, Finance Minister Mehmet Şimşek said, adding establishing financial discipline will make it easier for Türkiye to achieve its goals in green and digital transformation.

The European Commission has approved a €150-million Greek scheme to support energy-intensive companies facing increased energy costs in the context of Russia's war against Ukraine.

The utilization of renewables and upgrading transmission infrastructure for more renewables are Türkiye's major areas of focus, Energy Minister Alparslan Bayraktar has said, stressing that the country plans to invest $10 billion in the grid by 2030.

More than 20 countries called for the tripling of world nuclear energy capacity at UN climate talks on Saturday as part of efforts to achieve net-zero emissions by 2050.

A declaration endorsed by nations ranging from the United States to Ghana to Japan and several European countries said nuclear energy plays a "key role" in reaching the goal of carbon neutrality.