Carnegie Europe

The article by Dimitar Bechev of Carnegie Europe discusses the challenges and opportunities for the Western Balkans in transitioning to green energy. Despite commitments to EU climate goals, the region faces hurdles in implementing measures such as carbon pricing and phasing out coal due to reliance on outdated energy systems and the political influence of incumbent companies. While there’s potential for economic growth and environmental benefits through renewable energy projects, the region requires more support from the EU and international financial institutions to overcome obstacles and fully embrace the green transition.

Additionally, geopolitical factors and recent events, such as Russia’s aggression in Ukraine and the EU’s Carbon Border Adjustment Mechanism, further complicate the transition. The Western Balkans must navigate these challenges while lobbying for transition periods and implementing reforms to align with EU environmental standards. Despite the complexities and potential setbacks, investing in renewable energy infrastructure and regulatory reforms could lead to long-term benefits for the region, with the assistance of Brussels and international partners.

The Green Transition and the Western Balkans by Dimitar Bechev, Carnegie Europe, published on 9 October 2023 is available here