Following a national assembly on April 20, Serbia has decided to adopt new energy laws for its mining and energy sectors, including legislation to hold auctions based on market-driven renewable energy.
Serbian Deputy Prime Minister Dr Zorana Mihajlovic has revealed the country will draft up its new climate plan "by the end of the year." Credit: Safoleto / Wikimedia Commons
The nation hopes to begin holding renewable auctions by the end of the year, according to the government. The previous model involved feed-in-tariffs (FiT) - effectively long-term contracts - but expired at the end of 2020.
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The FiT model will continue to be operated for smaller plants - defined as anywhere between less than 500 kW, or 3 MW for wind power - looking to break into or accelerate their renewable footprint or for developmental projects and technologies.
The new law also looks to tackle issues involving standards and other regulatory fields.
One idea floating around is the concept of allowing Serbian households and businesses to operate under a "prosumer" model, allowing them to implement their own means of self-sufficient energy generation, which has been pioneered by countries such as Spain.
The law also prevents the building of hydropower plants in areas of conservation, which may also help protect endangered species and ecosystems.
The Energy Community, a national regulatory body, has hinted the new laws will also bring in some long-awaited reforms, including separating the country's electricity and gas boards.
In March, Serbia also revisited its Nationally Determined Contribution (NDC) under the Paris Agreement in which the country made a pledge to reduce greenhouse gas emissions by 9.8% by 2030 compared to 1990 levels.
This still places it far lower than other European nations.
Deputy Prime Minister Dr Zorana Mihajlovic revealed the nation was planning to draft up its climate and energy goals at some point this year, with the completed pledge being available "long before December," she revealed.
Read more: EU could lose €87bn in stranded fossil gas infrastructure, report finds
By 2040, 40% of Serbia's energy will be generated through renewable methods, the plan reveals.
The deputy prime minister previously stated this will rise to 50% by 2050.
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