Energy policy

The government is distancing itself from the overambitious goals set by the European Union for the green transition, evaluating the effects on the growth of the Greek economy, the fiscal margins for the subsidies required to achieve these goals, and the endurance of households.

The World Bank has said it is providing $400 million in financing to help women and youth access jobs and economic opportunities being created by the green transition in Türkiye.

BELGRADE - As with any other transition, the only postulate energy transition must meet is sustainability, Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said on Tuesday.

The City of Athens is spearheading an initiative with other municipal authorities in the Attica region that will allow them to negotiate special rates with energy suppliers as a single corporate customer.

Additionally seeking to promote power production through renewables, the so-called Athens Energy Alliance already has eight members, with four more mulling entry into the scheme.

Türkiye is rapidly emerging as a natural gas producer in Europe, with its annual production projected to reach 13 billion cubic meters (bcm) by 2050, according to a report by the Gas Exporting Countries Forum (GECF).

In the current year, the country's natural gas production is anticipated to reach 1.6 bcm, driven by the commencement of the first phase of the Sakarya field, it said.

Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years thanks to continued expansion of clean technologies, the International Energy Agency said Friday.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic received the CEO of Greece's Copelouzos Group, Dimtris Copelouzos, on Wednesday to discuss cooperation in the renewables sector and natural gas supplies.

In 2022, renewable energy sources (RES) made up 41.2% of gross electricity consumption in the EU, Eurostat said on Wednesday.

The development of cross-border interconnections that make Greece an energy hub for Southeastern Europe was highlighted by Deputy Minister of Environment and Energy Alexandra Sdoukou in her address at the ministerial Conference of the International Energy Agency (IEA) on Monday and Tuesday in Paris.

Domestic industries have to fight an unequal battle compared to their European competitors to maintain production, which is affected by the increased costs of the energy transition and competition from third countries.