ZAGREB, November 9, 2018 – Croatia’s energy development to 2030 and 2050 can continue at an accelerated or at a moderate pace and all options mean decarbonisation, switching to renewable energy sources and decreasing the emission of greenhouse gasses, notes an analysis by the Hrvoje Požar Energy Institute (EHIP) released on Thursday.
At the accelerated pace, investments from 2020 to 2050 would amount to 160.4 billion kuna or 5.4 billion kuna a year, whereas at the moderate pace they would amount to 133.7 billion kuna or 4.45 billion kuna a year.
During the presentation of the Green Book, it was heard that most of the investments relate to the electricity system – 120.8 billion kuna based on the accelerated “scenario 1” or 100 billion kuna according to the moderate “scenario 2.”
Mario Tot from EIHP said that both scenarios involve decarbonising the production of electricity by switching to renewable energy sources.
Preliminary estimates indicate that the total investment in the electricity transmission network, including connections of new conventional power plants, wind farms and solar power plants in the period until 2030 would amount to 8.2 billion kuna in scenario 1, which means an investment of 686 million kuna a year, while the costs for scenario 2 would amount to 7.9 billion kuna or an average investment of 666 million kuna a year.
The accelerated pace of energy transition would decrease green house gasses by 40% by 2030 and by 75% by 2050. The consumption of electricity would be reduced by 2.6% by 2030 and by 28.6% by 2050.
The moderate pace of transition foresees a reduction of greenhouse gas emissions of 35% by 2030 and 65% by 2050 compared to 1990. The consumption of power would be reduced by 8.1% by 2050, while buildings would be made energy efficient at a rate of 1.6%.
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