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Croatian AZU Announces Four Tenders for Exploration of Geothermal WatersPhoto: www.pixabay.com

Croatian AZU Announces Four Tenders for Exploration of Geothermal Waters

June 5, 2020 | Peter Palčec
Electricity | Natural gas | Oil and oil derivates | Energy policy | Heating

The Croatian Hydrocarbon Agency (Agencija za ugljikovodike – AZU) has announced four public tenders for the exploration of geothermal waters for energy purposes in the geographical area of the Drava valley, where a significant geothermal potential has been proven, states a press release from AZU....


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Report: Peaking Fossil Fuel Demand Risk to Global Financial StabilityPhoto: Arhiv občine Lendava

Report: Peaking Fossil Fuel Demand Risk to Global Financial Stability

June 5, 2020 | Tanja Srnovršnik
Natural gas | Oil and oil derivates | Coal | Economy

Falling fossil fuel demand, lower prices and rising investment risk are likely to slash the value of oil, gas and coal reserves by nearly two-thirds, thus increasing the risk and likelihood of stranded assets, said the Carbon Tracker initiative on Thursday....


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Nuclear Industry Urges EC to Recognise Nuclear’s Role in Economic RecoveryPhoto: Rosatom

Nuclear Industry Urges EC to Recognise Nuclear’s Role in Economic Recovery

June 5, 2020 | Peter Palčec
Electricity | Energy policy

The European nuclear trade body Foratom has sent an open letter to the European Commission saying that it is ready to play an important part in supporting a low-carbon economic revival. Foratom said it was regrettable that the European Commission had ignored the need for nuclear power as a clean, dispatchable and European source of energy in its green recovery plan from the coronavirus pandemic,...


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Repurposing of Former Mining Assets Remains a Key Challenge For Coal RegionsPhoto: Pixabay

Repurposing of Former Mining Assets Remains a Key Challenge For Coal Regions

June 4, 2020 | Peter Palčec
Electricity | Coal | Energy policy | Economy

“Coal regions in transition face an important challenge when it comes to environmental rehabilitation and the repurposing of former mining assets. While the aim of environmental rehabilitation and repurposing is to protect citizens and the environment by creating a safe and healthy environment, environmental rehabilitation and repurposing itself attracts new businesses and creates new jobs. Mine...


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Croatian INA Concludes Merger With Subsidy INA AdriaPhoto: F. Buva

Croatian INA Concludes Merger With Subsidy INA Adria

June 4, 2020 | Peter Palčec
Natural gas | Oil and oil derivates | Economy

The Croatian oil and gas company INA has announced the completion of a joint cross-border merger of INA and its Dutch subsidy INA Adria BV. The merger was concluded on 1 June 2020, according to a press release from INA....


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Montenegrin EPCG to Increase Energy Efficiency of its Administrative BuildingPhoto: Gorenje Solar

Montenegrin EPCG to Increase Energy Efficiency of its Administrative Building

June 4, 2020 | Peter Palčec
Electricity | RES and EE

The Montenegrin power utility Elektroprivreda Crne Gore (EPCG) has announced the implementation of renovation and adaptation works on its administrative building. According to a press release from the company, this project will provide a positive example of a company that applies modern standards in the field of energy efficiency and promotes trends in reducing energy needs from conventional...


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CAN Europe: Improvements in Final NECPs Not Enough to Achieve EU Climate TargetsPhoto: www.pixabay.com

CAN Europe: Improvements in Final NECPs Not Enough to Achieve EU Climate Targets

June 3, 2020 | Tanja Srnovršnik
RES and EE | Energy policy | CO2 emissions

While a number of EU countries, including Slovenia, made some improvements in their final national energy and climate plans (NECPs), both in terms of targets and policies and measures, these improvements are not enough to catalyse the energy transition required to achieve the long-term objective of the Paris Agreement, stressed Climate Action Network (CAN) Europe on Tuesday....


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Works on Bulgarian Balkan Stream Gas Pipeline Proceeding at Full SpeedPhoto: Bulgarian government

Works on Bulgarian Balkan Stream Gas Pipeline Proceeding at Full Speed

June 3, 2020 | Peter Palčec
Natural gas | Energy policy

The Balkan Stream gas pipeline will be useful for Serbia and Bulgaria. It will contribute to the diversification of regional supply and provide competitive prices, said Bulgaria’s Prime Minister, Boyko Borissov, at a joint press conference on 1 June with Serbia’s President, Aleksandar Vučić, after the two toured a construction site and a motorway from the border to Sofia, states a press...


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Croatian Low Carbon Strategy Not In Line With European Green DealPhoto: www.pixabay.com

Croatian Low Carbon Strategy Not In Line With European Green Deal

June 3, 2020 | Peter Palčec
Electricity | Natural gas | Oil and oil derivates | Energy policy | CO2 emissions | Economy

“The draft of the Croatian Low Carbon Strategy, which among others includes Croatia’s view on the use of fossil fuels in the future, is not in line with the objectives of the European Green Deal, which are to encourage the circular economy, improve health and protect nature, and it sets goals for Europe to reach climate neutrality by 2050,” states a press release from the Croatian Society...


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Legislative Barriers Could Block Romanian Hidroelectrica’s IPO ListingPhoto: www.pixabay.com

Legislative Barriers Could Block Romanian Hidroelectrica’s IPO Listing

June 3, 2020 | Peter Palčec
Electricity | Energy policy | Economy

The listing of Romanian state-owned power producer Hidroelectrica’s shares on the Bucharest stock exchange (BVB) has been expected for many years. However, the Romanian Social Democratic Party (PSD) has now initiated a bill which prohibits the sale of shares of any state-owned companies. The bill has passed the Senate and is currently being debated in the Chamber of Deputies in an emergency...


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