What are the key priorities for energy development in Serbia?

Energy security, energy market development, and overall transition to sustainable energy were adopted as key priorities for the energy development of the Republic of Serbia, as well as the principles upon which the energy policy until 2030 needed to be developed.

How does the transition of Serbia's energy sector affect prices?

The transition of Serbia's energy sector, in the context of the implementation of a new energy strategy, takes place in the turbulent time, first due to changes in demand and the restructuring of global energy markets, and then due to a series of geopolitical challenges, leads to a sudden and uncertain increase in prices certain forms of energy.

Why is the energy sector important in Serbia?

The energy sector is the mainstay and support for the Republic of Serbia's overall economic and social development. Energy security, reliable and secure supply of adequate quantities and high-quality energy, and energy sources are the basic postulates of energy sector development.

What is the trend of energy use in Serbia?

The trend of changes in the use of energy sources in the Republic of Serbia from 2010 to 2021 is shown in Figure 1. There has been a slight decrease in the use of solid fossil fuels (coal) during this period.

How is energy policy implemented in Serbia?

The Energy Law envisages that energy policy is elaborated and implemented in more detail through the Energy Sector Development Strategy of the Republic of Serbia, the Strategy Implementation Program, and the Energy Balance of the Republic of Serbia.

What will Serbia's future look like in 2030?

Serbia is planning an ambitious future from now with 100 times more solar power and 10 times more capacity in wind parks for 2030, aiming to cut greenhouse gas emissions by 40.3% and achieve a share of 41% of renewables in gross final energy consumption.