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Implications of EU Accession for Renewable Energy Investments in the Balkans: The cases of the Republic of Bulgaria and the Republic of Serbia

Lucic, Antoine LU (2018) In IIIEE Masters Thesis IMEN56 20181
The International Institute for Industrial Environmental Economics
Abstract
The topic of energy, and particularly, the growing role of renewable energy sources in decarbonizing the economy dominates European political and research agendas. Similarly, a revived political interest in Western Balkan countries from the European Union (EU) sheds light on the longstanding efforts of legislative harmonization and the modernization, decarbonization and integration of the regional energy infrastructure. This thesis investigates the impact of EU membership on energy investments in the Balkan region, using Bulgaria and Serbia as case studies. Energy investments are dependent on the investment climate and the investor type. By identifying the key factors in the literature that influence these two variables, this thesis... (More)
The topic of energy, and particularly, the growing role of renewable energy sources in decarbonizing the economy dominates European political and research agendas. Similarly, a revived political interest in Western Balkan countries from the European Union (EU) sheds light on the longstanding efforts of legislative harmonization and the modernization, decarbonization and integration of the regional energy infrastructure. This thesis investigates the impact of EU membership on energy investments in the Balkan region, using Bulgaria and Serbia as case studies. Energy investments are dependent on the investment climate and the investor type. By identifying the key factors in the literature that influence these two variables, this thesis provides an in-depth overview of the socio-economic context, the legislative frameworks in place, and the contemporary energy profile in a comparative format. Supplemented with insights from regional experts, this thesis compares an EU member state (Bulgaria) with a non-EU member state (Serbia) while factoring the influence of characteristics, such as a historical centrally planned economy, coal-fueled electricity production, a level of perceived corruption and a techno-economic potential for renewables. Nonetheless, the findings show distinctive features that consequentially help explain the difference in the energy investment landscape. While significant legislative and investment involvement from the EU is not without its faults and contradictions, this thesis concludes that EU membership has previously, and may further provide the financial mechanisms and policy frameworks necessary to enable a considerable growth in renewables deployment in the Balkan region. (Less)
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author
Lucic, Antoine LU
supervisor
organization
course
IMEN56 20181
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Renewable Energy, Investments, European Union, Bulgaria, Serbia, EU Enlargement
publication/series
IIIEE Masters Thesis
report number
2018:1
ISSN
1401-9191
language
English
id
8957023
date added to LUP
2018-08-27 17:31:01
date last changed
2018-08-27 17:31:01
@misc{8957023,
  abstract     = {{The topic of energy, and particularly, the growing role of renewable energy sources in decarbonizing the economy dominates European political and research agendas. Similarly, a revived political interest in Western Balkan countries from the European Union (EU) sheds light on the longstanding efforts of legislative harmonization and the modernization, decarbonization and integration of the regional energy infrastructure. This thesis investigates the impact of EU membership on energy investments in the Balkan region, using Bulgaria and Serbia as case studies. Energy investments are dependent on the investment climate and the investor type. By identifying the key factors in the literature that influence these two variables, this thesis provides an in-depth overview of the socio-economic context, the legislative frameworks in place, and the contemporary energy profile in a comparative format. Supplemented with insights from regional experts, this thesis compares an EU member state (Bulgaria) with a non-EU member state (Serbia) while factoring the influence of characteristics, such as a historical centrally planned economy, coal-fueled electricity production, a level of perceived corruption and a techno-economic potential for renewables. Nonetheless, the findings show distinctive features that consequentially help explain the difference in the energy investment landscape. While significant legislative and investment involvement from the EU is not without its faults and contradictions, this thesis concludes that EU membership has previously, and may further provide the financial mechanisms and policy frameworks necessary to enable a considerable growth in renewables deployment in the Balkan region.}},
  author       = {{Lucic, Antoine}},
  issn         = {{1401-9191}},
  language     = {{eng}},
  note         = {{Student Paper}},
  series       = {{IIIEE Masters Thesis}},
  title        = {{Implications of EU Accession for Renewable Energy Investments in the Balkans: The cases of the Republic of Bulgaria and the Republic of Serbia}},
  year         = {{2018}},
}