Energy Community says Bosnia, Serbia, Ukraine unlikely to meet 2020 renewables targets

Energy Community says Bosnia, Serbia, Ukraine unlikely to meet 2020 renewables targets
By bne IntelliNews November 14, 2019

Bosnia & Herzegovina, Serbia and Ukraine are unlikely to meet their 2020 renewables targets, while the situation in Albania, Kosovo and North Macedonia remains questionable due to the impact of hydrology, low investments in renewable energy and increases in energy consumption, the Energy Community secretariat said on November 13.

These conclusions were based on the latest statistical data presented by the secretariat at the renewable energy coordination group on November 12.

“Finding the right policies and measures for a conducive renewables framework remains critical, as many contracting parties have fallen behind in meeting their 2020 renewables targets,” it was concluded.

Regarding the 10% renewable energy target for the transport sector, no contracting party will meet this goal, with present shares at or close to zero percent.

The Energy Community is an international organisation which brings together the European Union and its neighbours to create an integrated pan-European energy market.

Contracting parties include the six Western Balkan countries — Albania, Bosnia, Kosovo, Montenegro, North Macedonia and Serbia — as well as, Georgia, Moldova and Ukraine.

The secretariat said that the lack of reliable statistical data, especially on biomass used for heating, was identified as a key bottleneck for tracking the contracting parties' progress accurately, but also for building credible forecasts for the integrated national energy climate plans to 2030.

The secretariat will provide complete status updates for each contracting party next week.

Related Articles

IFC to invest €15mn in BlackPeak SEE Growth Equity Fund to boost access to capital for SMEs

The World Bank’s International Financial Corporation (IFC) said it will invest up to €15mn in the Southeast Europe-active BlackPeak SEE Growth Equity Fund (BlackPeak II) to support access to ... more

Germany to finance green transport project in Tirana

Germany will finance the initial phase of the Green Infrastructure in Tirana project with a €50mn loan, according to a statement from the German embassy in Tirana.  The project aims to ... more

Matteo Colangeli appointed new EBRD director for the Western Balkans

The European Bank for Reconstruction and Development (EBRD) said it appointed Matteo Colangeli as its new director for the Western Balkans region and EBRD head of Serbia. Colangeli will oversee ... more

Dismiss