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The COVID-19 Crisis Has a Profound Impact Also on the Energy Sector
In three reports published today, the Energy Community Secretariat assesses the current status of financial liquidity of the electricity sector; compiles information about support from International Financial Institutions and commercial banks; and measures taken by energy regulators to address the ongoing…
Can Electricity Decarbonize the Energy Sector?
The energy sector currently accounts for two-thirds of global carbon emissions; Expedited progress on energy efficiency and low-carbon sources in the energy mix is required to achieve deep decarbonization; As the demand to “electrify everything” grows, the carbon footprint associated…
Energy Community Launches E-Forum for Gas Distribution System Experts
Since 2016, the Energy Community Coordination Platform for distribution system operators for gas (ECDSO-G) convenes twice per year. Following requests for more regular communication and to deepen the level of discussion during 2019, the Secretariat launched a web-based interactive discussion…
Oil Price Volatility Will Give a Boost to Renewables
Everyone loves low prices, but what the business community values most of all is predictability. The recent volatility in global oil markets — spearheaded by a fight to the death between Saudi Arabia and Russia — has sent the price…
Global Energy-Related CO2 Emissions Flattened in 2019, Following Two Years of Increases
Global emission trends Global energy-related CO2 emissions flattened in 2019 at around 33 gigatonnes (Gt), following two years of increases. This resulted mainly from a sharp decline in CO2 emissions from the power sector in advanced economies (Australia, Canada, Chile,…
Energy Community Calls on the Balkans and Ukraine to Scrutinize Subsidies to Coal
In June 2019, the Energy Community Secretariat published a study on analysing and quantifying direct and hidden subsidies to support the coal sector in Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia, Serbia and Ukraine during the period 2015-2017. The Secretariat…
Oil and Gas Industry Needs to Step Up Climate Efforts Now
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term…