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President of CERA: The countries of the SE Mediterranean should take the lead in hydrogen

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Mr. Pullikkas said that in order for Cyprus to become climate neutral it needs regional cooperation

Προεδρος ΡΑΕΚ: Οι χoρες ΝΑ ΜεσογεΙου να πρωτοπορorσουν σ το υδρογoνο

The countries of the Southeast Mediterranean together and Cyprus can pioneer the hydrogen economy, become climate neutral and at the same time export countries of sustainable energy to the EU, said the President of CERA Andreas Pullikkas, at the “Energy Security and Green Development” Conference, which organized by the Ministry of Environment and Energy of Greece between 27-29 November 2023 in Athens.

According to a statement by CERA, Mr. Pullikkas said that in order for Cyprus to become climate neutral, it needs regional cooperation, since the energy resources of the Southeast Mediterranean show a combination of natural gas deposits and renewable energy sources. This combination constitutes the comparative advantage of the region.

This could be achieved, according to Mr. Pullikkas, by drawing up a joint long-term strategic plan with a horizon beyond 2060 that will take into account, among other things, the connection of the Southeast Mediterranean countries with European countries through electrical interconnections, the connection of the Southeast Mediterranean countries with European countries through natural gas (and/or hydrogen) pipelines and/or virtual pipelines, the integration of sustainable energy technologies in all Southeast Mediterranean countries, the use of hydrogen after 2030, which will be produced from natural gas and in the long term from renewable energy sources, the export of sustainable electricity to European countries, and the export of hydrogen to European countries.

He also said that until the completion of the energy transition, natural gas reserves in the Southeast Mediterranean region can be a transitional solution to the EU's dependence on Russian natural gas.

< p class="text-paragraph">Mr. Pullikkas stated that today in Cyprus approximately 606 megawatts of photovoltaic systems, 157 megawatts of wind systems and 13 megawatts of biomass systems are in operation, i.e. a total installed capacity of renewable electricity sources of electricity of 776 megawatts and a total installed capacity of conventional power generation units of 1488 megawatts, i.e. 34% of the installed capacity concerns systems of renewable energy sources of electricity.

Regarding the contribution of renewable electricity sources to the final annual electricity consumption in 2022, the President of CERA said that it has reached 17.2% and is expected to increase further in 2023, as well as in the following years.

Also, Mr. Pullikkas said that the energy landscape remains very fluid and it is naive to assume that the transition to clean energy sources will be smooth and fast.

He added that the transition phase is even more volatile and the EU needs to strengthen the resilience of its energy system by accelerating smart energy systems and investment in renewables, energy storage, increasing energy savings and accelerating the development of the hydrogen market in Europe to achieve the goal of climate neutrality by 2050.

He also referred to the international energy environment which he said has changed as a result of pandemic and the war in Ukraine, stating that the oil and gas markets have been separated into three major blocs, such as Russia-China-India, the West, and the Middle East.

Source: www.kathimerini.com.cy

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