Frank Bold participated in the preparation of a new report examining the changes underway in the European energy sector and the need to modernize electricity grids to accommodate more renewable energy sources with emphasis on Central and Eastern Europe (CEE).
The report, led by Climate Action Network Europe, finds that aging electricity infrastructure in Central and Eastern Europe is limiting the integration of renewable power like wind and solar. About a third of Europe’s low voltage grid is over 40 years old and often unable to handle two-way power flows from distributed energy resources. This has resulted in renewable energy projects being denied connection or facing high costs due to grid upgrades.
To fully realize the benefits of the clean energy transition, the report recommends governments prioritize upgrading grids, ensure regulations that allow system operators to procure flexibility services, and empower small renewable projects and energy communities. It also calls for greater regional cooperation on grid planning and cross-border interconnections.
“The study addresses one of the main sore points of the current energy transition in the CEE - the state of our grids - not only describing the current situation, but more importantly offering recommendations on how to improve it. In the Czech Republic improving grid capacity will be especially important as new rules allowing electricity sharing in energy communities take effect in 2024," says Jan Bakule from Frank Bold.
If Central and Eastern European countries act on the report's recommendations, they could accelerate deployment of renewable energy and position themselves as leaders in developing modern, decentralized and climate-friendly power systems. Upgrading electricity networks is essential to cut fossil fuel dependence and meet European Union climate and renewable targets.
You can find the interactive infographic with the report's recommendations here and also read the full report here.
Today, national ministers responsible for internal market and industry voted in favour of the first reading position adopted by the European Parliament in April 2024. This approval by the Council of the EU brings to a successful close the legislative journey of the Corporate Sustainability Due Diligence Directive (CSDDD), which will now become law.
Four months after the announcement of a political agreement by negotiators from the European Parliament and the Council of the EU, and after a severe reduction of the number of companies covered last March, the EP gave today its final approval to CSDDD.
Today, the Council of the EU approved a watered-down version of the Corporate Sustainability Due Diligence Directive (CSDDD). It includes a severely reduced scope: Only about 0,05% of companies across the EU will be subject to the new law, a cut of roughly 2/3 - compared to the December trilogue outcome.