Carbon costs for planned coal power plants in the Western Balkans and the risk of stranded assets
Publisher: CEE Bankwatch Network
Volume: 17 pages, pdf
Description:
All of the Western Balkan countries plan to join the EU within the next decade or two. While Serbia and Montenegro are the frontrunners and are hoping to join in the early 2020s, all countries need to take EU accession into account when planning investments in the energy sector, as these can have a lifetime of 40 or more years. The EU policy trajectory is clear: it aims for a virtual decarbonisation of the energy sector by 2050. A move away from dependence on fossil fuels will also be crucial for the EU to meet its commitment under the Paris Agreement to reduce greenhouse gas emissions by at least 40 per cent by 2030 compared to 1990 levels.