IENE participated in EMI conference on the European Deal and the Bulgarian Energy Transition

Thursday, 22 October 2020

IENE participated in EMI conference on the European Deal and the Bulgarian Energy Transition

Following an invitation by the chairman of Bulgaria's Energy Management Institute (EMI) and IENE partner, Mr. Slavtcho Neykov, the Institute participated in this two day highly topical conference convened by the EMI in Sofia on October 15-16. Although arrangements had been made for IENE's chairman Costis Stambolis to fly to Sofia and actually participate in person, the deepening second wave Covid-19 pandemic forced a change of plans and as a result participation was virtual.

Nevertheless, the topic chosen for presentation was well timed in view of EU's decision to adopt higher emission reduction targets and faster penetration of Renewables and Energy Efficiency in the various countries' energy mix.

In his presentation titled "How effectively can EU's clean energy policies be applied in SE Europe", Costis Stambolis emphasized that the commitment by many countries in the region (for very good reasons) to solid fuels for power generation prevents them from making fast and effective progress in the adoption of clean technologies. Although Renewables, over the last ten years, have managed to make inroads in the energy mix their contribution -apart from hydro- in most countries is minimal. Several countries appear committed to solid fuels because of the still low cost and on account of the energy security they provide. However, as EU emission costs will start to be applied in most countries in the region over the coming years the low cost parameter will cease to play a role.

Summing up his presentation IENE's chairman referred to the need for the introduction of appropriate policies which,backed by necessary funding,will enable many countries in the region to make the switch into clean technologies. "As technology costs are dropping and market integration is gradually becoming easier, this is the time for the adoption and implementation of clean energy policies across the region", Costis Stambolis underlined in his presentation. Finally he referred to Greece's example which last year adopted an aggressive decarbonisation plan with the shutting down of all existing lignite power plans by 2023 while at the same time pushing hard for large scale use of RES and energy efficiency applications.
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