Council of the European Union
Cite as https://mymun.com/ppdb/6871
Topic A: EU Carbon Market Reform
Bulgarian energy policy has suffered a lot in the past 20 years from the interdependence between state and private interests in the energy sector and bad governance practices at a national level. An improvement in the regulatory framework of energy use is urgently needed. Despite the abundant and diversified renewable energy sources potential in Bulgaria, these often go unharnessed due to general corruption and sector inefficiency. The liberalisation of the energy sector has been a slow process, as the market opening in Bulgaria has been impeded by the power of supply monopolies. Bulgaria is also highly dependent on the imports of Russian gas and technology, and frequent changes in the legislative and regulatory environment are one of the main challenges in the energy restructuring process. As part of its commitments to fulfil the 2020 sustainable energy targets, the government adopted legislative measures to encourage investments, such as the introduction of feed-in tariffs. Recent developments in the energy sector have led to further sector instability. Bulgaria, having joined the EU in 2007, is one of the exceptions to the auctioning method of Phase III, where most of the EU power sector is required to purchase allowances at auctions. According to ...