Article by Global Legal Insights
Chapter Content
1. Overview of the current energy mix, and the place in the market of different energy sources
2. Changes in the energy situation in the last 12 months that are likely to have an impact on future direction or policy
3. Developments in government policy/strategy/approach
4. Developments in legislation or regulation
Overview of the current energy mix, and the place in the market of different energy sources
In the context of the ambitious objectives established by the European Union in the EU Green Deal, namely to reach climate neutrality by 2050 through a 55% reduction of CO2 emissions and a 90% decrease of greenhouse gas emissions by 2040, Romania, as well as many other EU Member States, has a difficult task to keep up with the pace.
According to a recent report published on 11 September 2024 by the European Commission (EC), Romania has an energy mix based on 71% fossil fuel, which places the country above the level of the EU average (69%). However, when it comes to electricity mix, renewables are leading with a share of 42.4%, while fossil fuels have a 37.6% quota and nuclear accounts for 19.9%.
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