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HomeWeekly Top 5Top 5 stories of the week: 18 - 24 August

Top 5 stories of the week: 18 – 24 August

1. What’s missing in the EU power market reform?

This week we spoke to the Vice President of Hungary’s Energy and Public Utility Regulatory Authority (MEKH) and Vice-Chairman of the Energy Regulators Regional Association (ERRA) Pál Ságvári about the current shape of the EU power market reforms, MEKH’s position on the ongoing legislative developments and challenges going forward. Read the full story here.

2. CEE’s role amid the new EU industrial policies

The US Inflation Reduction Act has been a “wake-up call” for Europe but the issue lies deeper, argued Michal Hrubý ReThink.CEE Fellow at the German Marshall Fund of the US and Scientific Assistant at the Research Centre of Škoda Auto University. In his voice, Mr Hrubý points to a lack of discussion about the impact that the upcoming “China shock” and new industrial policies can have on the bloc. Read the full story here.

3. Serbia’s first renewables auction in the books

Serbia’s green energy success stories continue to grow. 16 investors with a total power plant capacity of 816.48 MW participated in the country’s first auction for the allocation of renewables market premiums last week, of which 602.8 MW were offered to fill the quota. Read the full story here.

4. EU adopts a framework for CBAM

Moving to the latest developments in the European regulatory sphere, the European Commission has adopted rules for governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which is set to start on 1 October of this year and run until the end of 2025. Read the full story here.

5. Maroš Šefčovič to lead the EU’s green agenda

Staying in the world of EU affairs, European Commission President Ursula von der Leyen has appointed Maroš Šefčovič as Executive Vice-President for the European Green Deal. The Slovakian replaces Frans Timmermans, who resigned from the role earlier this summer. Read the full story here.

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