Serbia is rapidly developing green energy projects, according to the Government. For stable financing, the support of domestic and international financial institutions, especially the EU, is counted on. Total investment needs until 2030 amount to 10 billion euros for the public sector. The fight against climate change requires international cooperation, says the EU delegation.
Serbia follows the “green agreement” of the European Union. The country has embarked on a difficult path of energy transition that requires the engagement of both the economy and citizens. By the end of the decade, there should be another 3.4 gigawatts of electricity from the wind and the sun, a new gas power plant and a significant improvement in energy efficiency.
The Minister of Mining and Energy,”Dubravka Đedović, points out that a total of 156 measures have been defined, of which 68 are reform measures.
“We have also defined priority areas for investment and financing in new production capacities – the total investment needs included in this article until 2030 amount to 10 billion euros for the public sector,” says Đedović.
For decarbonization, the most important thing is to secure stable financing, and we count on: the support of domestic and international financial institutions, especially the European Union. An initiative for the establishment of regional funds was launched with the countries of Southeast Europe.
The head of the European Union Delegation in Serbia, Emanuele Žiofre, points out that the EU has planned to be a climate-neutral continent by 2050 and that it is moving slowly in that direction.
“The costs of climate change are huge, in Serbia, but also everywhere in the world. We have to work together, the fight against climate change requires international cooperation,” said Žiofre.
EPS also makes a green turn
In the Development Fund, they note the increase in investments that Serbia has outlined in the green agenda. And EPS is also making a green turn.
“We really have favorable conditions for our loans, when we talk about investments, the interest rates on an annual basis range from 1.5 to 2 percent,” says the director of the Fund for the Development of Serbia, Tatjana Matić.
V. d” general director of EPS, Dušan Živković, points out that green energy is something they will work on as much as possible and, in this sense, look to raise the level of services and projects they develop.
“I would definitely mention the Bistrica hydroelectric power plant project, which should help the development of green energy in the long term,” says Živković.
Faster implementation of renewable energy projects is also required by increasingly strict environmental standards, social awareness of a cleaner planet that is growing worldwide, as well as digitization.
