Energy development

Special climate envoy and former US secretary of state John Kerry unveiled and announced the launch of an international plan to boost fusion, saying the emission-free technology could become a vital tool in the fight against climate change.

To begin with, the plan is supported by 35 nations and will focus on research and development, supply chain issues, regulation and safety.

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.

Despite the "climate devastation" experienced by the country in recent times, "a new Greece is emerging," Prime Minister Kyriakos Mitsotakis has told the United Nations Framework Convention on Climate Change (COP28) in Dubai.

Amidst the high-stakes stage of the 2023 United Nations Climate Change Conference (COP 28) in Dubai, a landmark declaration has emerged, supported by over 20 nations spanning continents, including Bulgaria.

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.

More than 110 countries want the COP28 climate negotiations to adopt a goal of tripling renewable energy and doubling energy efficiency by 2030, European Commission President Ursula von der Leyen said Friday.

Japanese Prime Minister Fumio Kishida has vowed to stop building new coal-fired power plants that lack measures to cut carbon emissions.

The announcement was made at the UN's COP 28 climate summit in Dubai, as Japan, heavily reliant on imported coal and other fossil fuels, aims to become carbon-neutral by 2050.

US Ambassador to Greece George Tsunis pointed out on Wednesday, the first day of the two-day Athens Security Forum, that Greece is a rising energy provider in Southeastern Europe, and a country also firmly placed among the 10 most important countries in terms of renewable energy sources. 

Consumers in Bulgaria are set to face an increase in natural gas prices by approximately 7.5% starting next month. This announcement emerged from the recent public session of the energy regulator, where the proposal put forward by "Bulgargaz" was deliberated. The proposed rate for the blue fuel is expected to be around BGN 87 per megawatt hour, exclusive of taxes and levies.

Environment and Energy Minister Thodoros Skylakakis said on Monday that the green transition constitutes a major opportunity for Greece to become an energy exporter and is directly connected with the country's energy security, addressing the conference "Energy Security and Green Growth," organized by the ministry.