• Country

        Serbia

        In Serbia, the National Renewable Energy Action Plan set targets of renewable energy sources use until 2020, as well as the pathway to achieve them. Among other things, it enhances investments towards the development of renewables.
        Data for Serbia includes Montenegro until 2004.

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        • Energy system

        Grid-scale Storage

        Country and regional highlights
        Major markets target greater deployment of storage additions through new funding and strengthened recommendations
        Technology deployment
        Pumped-storage hydropower is still the most widely deployed storage technology, but grid-scale batteries are catching up
        Innovation
        While innovation on lithium-ion batteries continues, further cost reductions depend on critical mineral prices
        Policy
        Investment

        Energy storage

        • Contributor

        Daniel Crow

        Energy Modeller - World Energy Outlook.

        • Country

        Saudi Arabia

        Saudi Arabia has moved forward in the implementation of energy efficiency standards on key sectors and end-uses linked to their energy saving potential. These standards are focused on and the transport and building sectors. For example, new buildings are now required to be insulated.

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        • Country

        Gabon

        Almost two-thirds of the population of Gabon has access to electricity. The country can partially rely on its 150 thousand barrels per day hydrocarbon liquids production and has recently implemented a new petroleum legislation.

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        • Sector

        Renewables

        …integrated approach, connecting the utilisation of all renewable energy technologies. Policy makers should focus on implementing long-term plans for whole-economy decarbonisation and implement incentives reflecting the requirements of all economic sectors.  
        Shift policy to competitive auctions
        Policy instruments used to support renewable power include administratively set feed-in tariffs or premiums, renewable portfolio standards, quotas and tradeable green certificate schemes, net metering, tax rebates and capital grants. Recently, auctions for the centralised competitive procurement of renewables have become increasingly widespread and have been instrumental in discovering renewable energy prices and containing policy costs in many countries, especially…

        • Country

        Malaysia

        In Malaysia, the share of gas in the power mix decreased from 67% in 2005 to 47% in 2015, led by policies to switch to coal in response to declining domestic gas production. The country holds a large share of Southeast Asia’s fossil fuel resources.

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        • Country

        Nicaragua

        The National Energy Policy of Nicaragua establishes a policy framework for the development and exploitation of renewable sources. The law sets the objective of prioritizing the use of renewable energy in the national energy mix and of stabilizing energy prices using renewables.

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        • Energy system

        Gas Flaring

        CO2 emissions
        The volumes of natural gas flared in 2022 were around the same level as in 2010
        Technology deployment
        Oil producers have a range of readily available options to reduce and avoid flaring, with a number of new technologies also under development
        Policy
        A number of countries have introduced policies to reduce flaring
        Investment
        Operators that sell high-flaring assets are often passing on a problem to other operators that may be less willing, or less able, to cut down on flaring

        Flaring emissions

        • Country

        Finland

        Finland has one of the most ambitious climate targets, a legal obligation to reach carbon neutrality by 2035. It is making progress towards this target and has one of the lowest levels of reliance on fossil fuels among IEA member countries. Finland’s forests, which historically offset significant greenhouse gas emissions, have become a net emissions source. A continued push towards the energy transition is needed, as imported fossil fuels still account for over one-third of energy supply and cover higher shares in transport and key industries.

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