On May 10 IENE’s Executive Director Mr. Costis Stambolis flew to Sofia where he participate in a special event organized in Bulgaria’s capital for the launch of the special report which the New Nuclear Watch Institute (NNWI) prepared on SEE’s Electricity Market and the impact of new trends and policiesOn May 10 IENE’s Executive Director Mr. Costis Stambolis flew to Sofia where he participate in a special event organized in Bulgaria’s capital for the launch of the special report which the New Nuclear Watch Institute (NNWI) prepared on SEE’s Electricity Market and the impact of new trends and policies. The event was convened by Mr. Slavtcho Neykov, Energy Policy Expert and previous head of the Energy Community, and attracted considerable participation from Bulgaria’s energy professionals.
NNWI’s inaugural report was presented by Mr. Tim Yeo, Member of the UK Parliament for over 30-years from 1983-2015. During his time as an MP, Tim was Chair of the influential Energy & Climate Change Select Committee (2010-2015) and of the Environmental Audit Committee (2005-10). Prior to this he served in several Govrment departments (1988-1194) including Minister for the Environment and Countryside (1993-194) in the John Major Government.
In this latest report the New Nuclear Watch Institute exposes the severity of the challenges facing the electricity market of southeast Europe. Suffering from chronic underinvestment since the dissolution of the Eastern Bloc and the breakup of the Yugoslav state, the region is now beset by an energy infrastructure that is unreliable, inefficient and unsustainable. The report makes clear that urgent need for significant investment in low-carbon generation capacity, not only to protect energy supply security in the decades to come but also to achieve post-Paris Agreement climate action commitments. In particular, an accelerated phase out of coal in tandem with a steady increase in the unit cost of carbon emission-combined with imminent demand-side disruptions-could see an electricity deficit opening up as early as 2027. The report’s executive summary is presented in the regional news section of this site.
IENE’s Executive Director actively participated in the discussion which followed and backed his intervention with data from the Institute’s major regional energy study, the "SEE Energy Outlook 2016/17”, published last year.
