THE DEVELOPMENT OF THE ENERGY MARKET IN THE WESTERN BALKANS (the case of Macedonia and Croatia) Cover Image

THE DEVELOPMENT OF THE ENERGY MARKET IN THE WESTERN BALKANS (the case of Macedonia and Croatia)
THE DEVELOPMENT OF THE ENERGY MARKET IN THE WESTERN BALKANS (the case of Macedonia and Croatia)

Author(s): Sonja Risteska
Subject(s): Economy
Published by: Analytica

Summary/Abstract: World fuel crisis, rising prices, global warming and climate changes are influencing all of the world economies. Small countries like in the Western Balkans that have open economies are also feeling the impacts of these events. “…Increase of energy consumption at the world level is even accelerated in comparison with the previous period…and a real increase of RES participation is minimal...” Bigger energy consumption leads to bigger prices, bigger prices lead to bigger costs for the producers, the industry and the whole economy, which at the end of the day negatively influences the economic development of the countries. Having in mind that the WB countries’ economic progress is quite fragile just adds up to the pressure: how to sustain market growth when all of the economies especially the biggest American economy are going into a crisis? In the first part of the chapter the current position of the WB and the regional cooperation in this field will be discussed. In the second part of the chapter, the recommendations for the development of this sector will be elaborated with a special notion to the renewable energy sources and their better usage in the region.

  • Issue Year: 2009
  • Issue No: 03
  • Page Range: 1-10
  • Page Count: 10
  • Language: English