Renewable energy commercialization

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic met with US Ambassador to Belgrade Christopher Hill on Friday to discuss bilateral cooperation in the energy sector.

There are many rules in and there is very little effectiveness of the green transition framework in the European Union, Environment and Energy Minister Thodoros Skylakakis said on Thursday, speaking at the Athens Energy Summit.

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday.

The International Energy Agency (IEA) forecast in a report that global investment in clean energy this year will hit $2 trillion, twice the amount going to fossil fuels.

"Greece is at the center of geopolitical developments in our region and, thanks to the infrastructure it had in Revithoussa, it managed not only not to face the danger but also to support the energy systems of neighboring countries," said Deputy Minister of Environment and Energy Alexandra Sdoukou, at the roundtable on "European Policy for Energy and Climate, Transnational Cooperation and the G

The European electricity industry on Wednesday sent a call to policy makers from Athens, both nationally and at European level, to ensure investments in the networks to be able to meet the goals of the energy transition.

Domestic energy-intensive industries pay up to twice as much as Germany's and three times as much as France's.

This worrying fact for the competitiveness of domestic industry emerges from a study commissioned by the Dutch government to compare the electricity prices of large industrial enterprises in Germany, France, the Netherlands and Belgium.

Australia unveiled plans Thursday to keep burning natural gas beyond 2050, saying its reliance on the fossil fuel would not derail a pledge to reach net zero emissions in the next 30 years.

Resources minister Madeleine King said gas "will remain an important source of energy" in Australia, outraging environmental groups who branded the Future Gas Strategy a "climate disaster".

The government is distancing itself from the overambitious goals set by the European Union for the green transition, evaluating the effects on the growth of the Greek economy, the fiscal margins for the subsidies required to achieve these goals, and the endurance of households.

The World Bank has said it is providing $400 million in financing to help women and youth access jobs and economic opportunities being created by the green transition in Türkiye.

The City of Athens is spearheading an initiative with other municipal authorities in the Attica region that will allow them to negotiate special rates with energy suppliers as a single corporate customer.

Additionally seeking to promote power production through renewables, the so-called Athens Energy Alliance already has eight members, with four more mulling entry into the scheme.