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Delivering the European Green Deal for southeast Europe: Do we need a regional approach? CEPS Research Paper 17 Jun 2020.

Catuti, Mihnea and Kustova, Irina and Egenhofer, Christian (2020) Delivering the European Green Deal for southeast Europe: Do we need a regional approach? CEPS Research Paper 17 Jun 2020. UNSPECIFIED.

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    Southeast European countries start from a different point in the transition to the European Green Deal. They face systemic challenges both in their energy markets and in implementing the EU’s energy acquis – issues could be addressed through a more regionally focused approach, argue the authors. This report looks at three countries in the region that have been sometimes seen as reluctant to embrace this transition: Bulgaria, Greece and Romania. The analysis considers the status of their wholesale and retail markets; interconnectivity and market coupling; the independence of national regulatory authorities, and the obstacles to the adopting the energy acquis. The authors find that six main barriers might prevent more integrated and efficient markets in the region: high dependence on fossil fuels, often supported by policy market concentration and state intervention illiquid markets occasional poor interconnectivity and cross-border energy trade, poor regulatory framework and institutional design, and strategies for managing the transition. The combination of carbon-intensive energy sectors, relatively low energy efficiency, and below-EU average GDP per capita makes the transformation – of the coal regions, for example – both technically challenging and politically sensitive. The European Green Deal and the ‘just transition’ offer new opportunities for the region (including Covid-19 recovery funds) to develop lower carbon energy systems. But cash injections alone will not be sufficient. This report argues that the region requires additional tailored mechanisms that reflect its specific needs during the transition.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy (Including international arena)
    EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Countries > Greece
    Countries > Romania
    Countries > Bulgaria
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels)
    Depositing User: Daniel Pennell
    Official EU Document: No
    Language: English
    Date Deposited: 15 Apr 2021 09:56
    Number of Pages: 31
    Last Modified: 15 Apr 2021 09:56

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