site.btaElectricity Price in Bulgaria May Rise 50 Per Cent by 2030 - Expert

Sofia, December 17 (BTA) - The price of electricity in Bulgaria
may rise 50 per cent by 2030, sustainable economy expert Dimiter
 Stoyanov predicted. He specified that this will be the effect
of attaining the contemplated EU target of a 50 per cent cut of
carbon emissions. If this is done, greenhouse gas emissions are
expected to cost 40 euro/tonne in 2030.

Stoyanov was speaking at a forum here on Tuesday, organized by
the Balkans Sustainable Development Institute and hosted by the
Bulgarian Chamber of Commerce and Industry.

Integrating the energy markets and power transmission networks
in line with the EU sustainable development and climate
transition goals alone will cost around 1 trillion euro over the
 next 10 years.

The expert specified that the EU's next research and innovation
framework programme, Horizon Europe (2021-2027), will spent 30
billion euro on financing directly the energy transformation
over the next seven and eight years.

Stoyanov sees a positive ramification for Bulgaria in that the
country has not yet made full use of the potential of some
sectors and can shift it to others. One example is the
possibility that the ICT sector can offer for network
digitalization, cyber security, etc., of Bulgaria's energy- and
resource-intensive industries, including power generation.

The expert stressed that rising to these challenges will require
 the concerted efforts of industry, academe, NGOs and
power-holders. NV/LG