The Process of Decarbonization in the Croatian Energy System
The Process of Decarbonization in the Croatian Energy System

Author(s): Diana Baus
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Renewable sources (RES); Energy transition; Global value chains (GVC)
Summary/Abstract: This work delves into the crucial scientific research on the transition of the Croatian energy system, a process that commenced in the early 1990s. Today, the energy system confronts new challenges, including deregulation, liberalization of energy markets, heightened competition, escalating demands for supply security, and notably, the imperative to curtail CO2 emissions in line with subsequent EU regulations and standards on environmental protection. Research is also underway to establish the Environmental Kuznets Curve (EKC) between economic development and environmental pollution in Croatia. To empirically estimate the curve, data on 21 counties were scrutinized for various types of pollution. The paper also analyses the macroeconomic effects of the announced investments in renewable energy sources for electricity production. The entire energy transition process can be seen as the beginning of the renewal of industrial production capacities, i.e., reindustrialization.

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