Energy economics

The Energy and Natural Resources Ministry has produced a conservation guide that recommends heating government offices to a maximum of 22 degrees Celsius in winter, installing solar panels on their roofs, and using bicycles for campus transportation at public institutions.

NOVI SAD - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said on Wednesday in Novi Sad the building construction sector was responsible for a large portion of energy consumption and harmful gas emissions and that investing in improved energy efficiency was important not only for resource conservation but also for reduction of costs for citizens and businesses.

The U.K. needs to unlock private sector investment worth 100 billion pounds in offshore energy to achieve its goal of net zero carbon emissions by mid-century and safeguard energy security, an industry association said yesterday.

Greece's power transmission operator ADMIE is promoting a green electricity connection with Central European countries that will transmit electric power produced from renewable energy sources in Greece, Egypt and Israel to EU countries to the north.

The European Commission has approved, in accordance with EU state aid rules, a Bulgarian measure in the amount of 16 million euros to support the expansion of the Bulgartransgaz gas storage facility in Chiren.

Regulated prices of motor fuels in Slovenia have gone up by almost 4%. From 1 August, regular petrol is priced at €1.511 per litre, up 5.5 cents, and diesel at €1.558 per litre, up 5.4 cents.

The prices apply only to fuels sold off the motorway network. Along the motorways, retailers are free to set their prices.

Cyprus' Ministe of Energy, Commerce and Industry George Papanastasiou has set the goal of having a solution to the issue of energy storage within the next 18-24 months, so that green energy is not rejected.

The Special Consumption Tax (SCT) on natural gas for household use and petrol has been hiked, according to a decree published in the Official Gazette.

The SCT on petrol was increased by 5 Turkish Liras ($0.19), but including the value-added tax (VAT), the pump price will be some 6 liras higher, while the cost of filling up a 50-liter tank will rise to 1,702 liras.

Fuel sold at service stations off the Slovenian motorway network will come substantially pricier over the next two-week period with the price of regular petrol hitting a 7-month high and diesel not having been as expensive since late March.

The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands.

Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president and ruler of Dubai, announced the plans on July 4 following a Cabinet meeting.