Many EU countries of south-eastern Europe use a significant proportion of coal for their energy needs. EU energy policy aims to increasingly decarbonise power generation and ultimately move to a net zero carbon economy by 2050. Several countries face a major challenge to replace the energy from coal from other sources. Increased energy efficiency and greater regional energy market integration will play a role in balancing supply and demand. Issues of regulatory uncertainty have made investors reluctant to finance new energy projects in the region. This event will bring together stakeholders from the energy and finance sectors with EU and national policymakers to discuss the challenges facing countries of region to make the transition to low carbon and how to attract the necessary investment. It is the start of a series of events and other deliverables on the issue.
- Focus on ‘low-carbon’ challenges given the prevalence of coal, e.g. security of supply, affordability/energy poverty, investment in low-carbon technology.
- Highlight the importance of securing investment and regulatory predictability as essential elements in transition to a low-carbon economy in the context of the EC Long-term Strategy (LTS)
The workshop is the beginning of a series of CEPS ECH activities in this field.