Decarbonization has been clearly set as an obligation that all countries in the region have already undertaken, said Ivan Mrvaljević, Executive Director of the Development and Investment Directorate of the Electric Power Company of Montenegro (EPCG), adding that 2030 billion euros will be needed for a just transition by 30.
"We are all signatories to these obligations. That is why there is a need to open a clear and comprehensive dialogue with the European Commission (EU), because without institutional support, the transition will be neither just nor feasible," Mrvaljević emphasized.
Speaking at a panel at the Energy 2025 energy conference, which is being held on Zlatibor, he said that the region currently does not have the funds to ensure a just transition.
"We estimate that the region will need around 2030 billion euros by 30 to meet all goals, and that raises a key question - who will finance it," Mrvaljević asked.
He called for a joint and realistic approach.
"Entering the ETS system is inevitable. What is most important now is that we all understand the depth of the challenge and that the region prepares in time, so that we can welcome 2030 ready," said Mrvaljević.
Mrvaljević addressed the current challenges in the process of the region's accession to the EU ETS system, with special emphasis on the position of Montenegro.
"This year has, without a doubt, marked a new chapter in terms of decarbonization and regional integration. The key question is no longer whether, but how and when. We can definitely neither be completely exempt nor completely outside the system," said Mrvaljević.
He pointed out that Montenegro is already taking concrete steps towards connecting with the Italian market, through the process of so-called market coupling, which involves harmonizing regulatory and technical mechanisms.
Mrvaljević stated that, according to current information, the first available date for establishing technical connectivity is not until late next year or early 2027.
"Other countries in the region have similar challenges – such as North Macedonia, which is planning to merge with Greece. So, technically and physically, significant changes cannot happen overnight," explained Mrvaljević.
Mrvaljević pointed out the importance of introducing protective mechanisms towards third parties.
"If Montenegro were exempted and Serbia not, our traders would have to pay additional taxes when purchasing electricity from Serbia. This would significantly undermine the competitiveness of our market," said Mrvaljević.
The Energy Conference in Zlatibor brought together representatives of power companies, energy regulators, and international institutions from across the region, who will discuss key challenges of energy transition and climate policy in the context of European integration during a series of panels.
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