Thursday, May 23, 2024
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Montenegro’s energy revolution: Driving economic growth

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Prime Minister Milojko Spajić highlighted the significant potential of Montenegro’s energy transition during a meeting with Germany’s Vice Chancellor and Federal Minister for Economic Affairs and Climate Protection, Robert Habeck.

Emphasizing Montenegro’s advantageous Mediterranean climate, Prime Minister Spajić underscored the country’s abundant solar energy and ongoing investments in wind farms. Additionally, he pointed out the untapped potential for hydroelectric power plants. These renewable energy sources, coupled with the nation’s thriving tourism sector, are envisioned as the key drivers of economic growth.

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Vice Chancellor Habeck echoed the importance of renewable energy production, citing Germany’s efforts to achieve a 50% reliance on renewables. He stressed the impact of such initiatives on both energy sustainability and economic competitiveness. Furthermore, Habeck expressed Germany’s willingness to share expertise and facilitate partnerships with experienced companies to bolster Montenegro’s renewable energy sector.

The discussion also delved into the future of the Pljevlja Thermal Power Plant, with a focus on transitioning to sustainable energy sources to ensure stability in Montenegro’s energy sector while phasing out coal usage. Both parties recognized the parallels with Germany’s own efforts to reduce fossil fuel dependency.

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The meeting also touched upon Montenegro’s European integration aspirations and the importance of initiatives like the Berlin Process for the economic integration of the Western Balkans.

Geopolitical dynamics were not overlooked, with attention drawn to Russia’s attempts to exert influence in the region through media channels. Addressing this, the potential enactment of media laws, following consultation with the European Commission, was discussed as a means to mitigate such influence and enhance regional stability.

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