On April 1, 2019, a regular meeting of the Central and South Eastern Europe Energy Connectivity (CESEC) was held in Bucharest, Romania. Consequently, the CESEC decision has become one of the important steps towards the creation of a regional electricity market in Central and Southeast Europe. The group has confirmed its ability to facilitate the implementation of energy projects through grant support from the “Connecting Europe Facility” program.
On January 25, 2019, the so-called “coal compromise” was reached in Germany between representatives of government institutions, political forces, business and non-governmental organizations. It became a precedent of an integrated approach in addressing complex political, economic and social issues surrounding the closure of the coal industry in Germany, as a result of commitments under the Paris Climate Agreement and the requirements of European legislation for reducing CO2 emissions.
Scandinavian trading platform, the Nord Pool, is divided into a company that combines electric power markets and a company-operator of the electricity exchange. This is done in order to increase its own competitive advantage and avoid conflicts of interest. The company’s management believes that in the coming years such a process will take place on all European exchanges of electric power industry.
On January 14th, 2019, Sweden started registering the owners of the hydroelectricity facilities to implement a comprehensive assessment of the impact of this sector on the environment and ensure the preconditions for the implementation of the provisions of the new law on water resources and hydropower.
Due to the competitiveness of Russian coal, further growth of exports of coal from Russia is possible, mainly in view of increased supplies to China, India and South Korea. The Russian coal industry demonstrates resistance to the regime of international sanctions and continues to increase its exports of coal. The total annual revenues of enterprises in the industry are estimated at 14 billion USD. The main deterrent of its intensive development is the technological gap of the industry, lack of capacity of the railway and port infrastructure, and lack of investments in the development of industry.
Jacek Czaputowicz, Minister for Foreign Affairs of Poland, addressing the “Foreign Policy of Poland 2018” conference in Warsaw on October 6, 2018, said that the year of 2022 should become the key moment to Poland’s full energy independence.
At current tariffs for gas distribution, the level of wages in gas companies is by one third lower than that of industry in general, and it lags behind the average wage in the energy sector by 50%. Wage costs constitute only 30,2% of tariff revenues.
More than 80 international private pension supervisors are to receive guidance on the application of environmental, social and governance (ESG) factors in the supervision of pension fund investment.
Replacing gasoline and diesel with hydrogen is one of the answers to reducing CO2 emissions. The goal of the EU-backed H2ME Project is to help develop this technology. The mix of the future vehicle will be between battery and hydrogen, and you can already see that there are battery-hydrogen hybrids on the road. We need to compete first and foremost against the fossil technologies.