Energy policy

LONDON - Serbian PM Ana Brnabic said on Tuesday she had had extremely good meetings with the UK's Energy Security and Net Zero Secretary Grant Shapps and Foreign Secretary James Cleverly in London earlier in the day to discuss all forms of future cooperation.

French nuclear power is "an absolute red line" and non-negotiable, Finance Minister Bruno Le Maire said on June 8, following Franco-German disagreements over the role of nuclear energy in Europe.

Nuclear-reliant Paris has already irked Berlin by insisting on giving nuclear energy a starring role in European plans to produce more green technology in Europe.

Greece is rated second globally in terms of incorporating solar photovoltaic (PV) technologies in its electrical power output, according to a report by the International Energy Agency (IEA), it was reported on Saturday. 

The price of natural gas fell to a record low on the Dutch stock exchange, whose prices are a reference for trade in Europe, "Reuters" reported.

The price of June gas on the Amsterdam Exchange reached €24.90 per megawatt hour (MWh) in the morning - the lowest level since May 27, 2021.

Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the International Energy Agency (IEA) said in a report yesterday. 

While that is a welcome development, warned the IEA that investment in fossil fuels is rising when it should be falling fast to achieve net zero emissions by 2050.

Greece, along with Italy, continues to experience excessive imbalances but its vulnerabilities appear to be receding due to policy progress, according to fiscal policy recommendations given by the European Commission in the context of the European Semester.

In more detail, the European Commission recommends that Greece:

The International Energy Agency (IEA) will guide nations in their energy and climate policies and lay out a road map, IEA Executive Director Fatih Birol has said.

Birol addressed leaders who gathered for the 49th G7 Summit in Hiroshima, Japan, last week.

Copelouzos Group, through its subsidiary companies Damco Energy and Elica Mediterranean Interconnection, and Infinity Power, a joint venture between Masdar (Abu Dhabi Future Energy Company) and Egypt's Infinity, have signed a memorandum of understanding in order to access, on a non-exclusive basis, the possibility of jointly developing renewable energy projects that will provide the GREGY power

Mary B. Warlick (M), Deputy Executive Director International Energy Agency, and Ivan Krastev (R), Permanent Fellow at the IWM, at a panel discussion at the "Time to Decide Europe Summit", in Vienna, Austria, on 16 May 2023. Photo: ERSTE Foundation

BELGRADE - Work on an integrated national energy and climate plan and a strategy of energy sector development is in the final phase and their adoption is due by the end of the year, Serbian Minister of Mining and Energy Dubravka Djedovic said at a meeting with Energy Community Secretariat Director Artur Lorkowski on Tuesday.