Energy Community adopts 2030 RES targets and electricity market package

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In December 2022, the Energy Community (EnC) covering Western Balkans states, as well as Georgia, Ukraine, and Moldova, agreed to national renewable targets that range from 27-52% of RES share by 2030 and sowed the seeds for the establishment of an ETS market. While these reforms put the Energy Community on the map, the cancellation of their GOs in the EU, and the establishment of a functioning ETS, are not foreseen in the next five years.

Background

The Energy Community comprises of Albania, N. Macedonia, Bosnia and Herzegovina, Georgia, Kosovo, Moldova, Montenegro, Serbia, and Ukraine. These countries, also known as Contracting Parties, have signed the Energy Community Treaty with the EU and are legally obligated to transpose European Energy Law in their national law. This initiative was started in 2005 b...