site.btaUPDATED Expert: Question for Green Deal Is Whether Targets Are Consistent with Resource and Financial Capacity to Make This Transition

Expert: Question for Green Deal Is Whether Targets Are Consistent with Resource and Financial Capacity to Make This Transition
Expert: Question for Green Deal Is Whether Targets Are Consistent with Resource and Financial Capacity to Make This Transition
Energy expert Anton Ivanov (BTA photo)

The key question of the Green Deal is whether the targets set are consistent with the resource and financial capacity to make this transition, energy expert Anton Ivanov said on Sunday at the discussion on "Geopolitics and Energy" organized by the NGO "Senator" in Sofia.

Historically, population growth is always linked to energy development, the expert said. He pointed out that the more energy produced, the higher GDP growth. 

It is not yet clear how the state of the global energy balance, in which fossil fuels currently take the lead, will be replaced by 2050 with so many renewable sources. The problem is resources and people, not just money, Ivanov believes.

Bulgaria's stated renewable energy targets have weaknesses, especially in financial and resource terms, Ivanov said. His personal opinion is that overall the ideas will be difficult to implement, but can be realized privately if they "step" on the realities.

Nuclear power and renewable energy must develop in parallel, said by the Chairman of the Bulgarian Energy and Mining Forum Ivan Hinovski.

The two technologies can work in synergy, especially after the market launch of small modular reactors. "Small modular reactors, plus renewables, is a perfect combination," Hinovski pointed out.

From a grid perspective, nuclear power provides predictability of electricity generation. From an environmental point of view, it is emission-free, Hinovski commented. Therefore, he believes, nuclear power has a future.

Geothermal energy is the cheapest energy produced, Hinovski added, citing a worldwide study. Next is the energy produced by photovoltaics and nuclear. "Nuclear is comparable to photovoltaics. That's why I say they both have a future in synergy," said Hinovski.

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By 00:22 on 18.04.2024 Today`s news

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