Serbia: In ten years, energy and mining sectors to be accounted for over 10 % of GDP

, News Serbia Energy

This year Serbia will establish legislative framework in the field of energy and mining, but also making very important decisions on its path to green and sustainable energy and mining sectors, said Serbian Minister of Energy and Mining Zorana Mihajlovic. At the opening of the online energy conference, Minister Mihajlovic emphasized the importance of these sectors for the entire Serbian economy, adding that energy and mining are the most important resources, but just as important as environmental protection. She stated that there is no reason for Serbia not to take care of mining, and at the same time the protection of the environment. Today, mining sector participates in GDP with 1.9 %, but in ten years these two sectors could be accounted for more than 10 % of Serbia’s GDP.

Last month, Minister Mihajlovic said that Serbia would work more on energy production from RES, because the vision of Serbia is to have at least 40 % of electricity produced from renewable sources by 2040. She reminded that, recently, the Serbian parliament had adopted new laws on renewable energy sources and energy efficiency and amendments to the laws on mining and energy, which represent the basis for further development and energy transition of Serbia. She stressed the importance of such modern laws that will enable Serbia to develop faster on the path of green transition. This agreement also means an invitation to investors to come and invest in Serbia, because there is a lot of potential, and the Government has made all procedures efficient and fast and to get good prices and new gas, biomass, wind and solar power plants through competition. So far, the most has been invested in wind farms, but there is no reason not to get more energy from solar power plants and other renewable sources.