bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 24.01.2018 | Name days: Krišs, Eglons, Ksenija
LatviaLatvia

Expert: green energy might undermine Latvian national economy

FaceBook
Twitter
Draugiem
print
(+2 rating, 2 votes)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

«We look silly with our aim of 40% green energy, grasping the biggest bite without understanding what we have undertaken,» the Deputy Chairman of the Public Utilities Regulation Commission (PURC) Ivars Zariņš (Zarins) indicates in an interview to the newspaper Dienas Bizness.

He points out in the Latvian energy sector law amendments and measures are carried out without understanding their objective. Zarins sharply criticizes the intended sea wind park projects – they are not advisable both from the power supply system reliability and costs standpoint. He explains much is concealed from the Latvian consumers regarding the green energy projects to be covered by all electricity users.

«In my opinion, the Latvian energy sector fundamentally lacks clear formulation and long-term viewpoint. As a result, we are paying greatly for it and we will pay even more. If the only formulation, in terms of energy, that we hear all the time is that we need to fulfil 40% of the renewable energy resources (RER) in the balance of energy by 2020, then, to put it mildly, it sounds weird. A particular business lobby needs this, and we have undertaken to do it. Only, which tasks will be solved? Except significant electricity surcharge for the consumers in order to pay for expensive, still ineffective import technologies and the taken loans to purchase them,» Zarins considers.

He indicates, if the renewable energy resource development is not properly made use of, the green energy might become a grave-digger for the Latvian national economy.


Leave a reply

  1. it really sounds weird says:

    Green energy with every day is becoming more and more cost effective. Already today some wind mills produce electricity at less cost than gas powered stations. Hydro power stations produce even cheaper electricity. Besides cost issue, green energy is not polluting, it is less dependent on political draughts, it is totally independent from imported fuel, it is less vulnerable to terrorist attach or sabotage.

    It is not strange to read such messages, it appears everywhere, because oily money has gained lots of influence in governments even in countries with strong democracies. It is up to us to decide do we continue to give our contribution by paying for oil and gas to authoritary and military regimes or we step-by-step cut it off. It will be hard to do it today, it might not be possible to do it later.

    I would advice to dear expert to spend his vacation with family in industrial area of Southern Poland- fossil fuel (mainly coal) is burned a lot there, the air is acid by smell, 80% children suffer from respiratory diseases of various difficulty-most of it is uncurable- is this the way “expert” offers? Who is to pay for the lifetime care of those poor children? What the expert would be ready to spend if his children would become sick? Would then the expert still advocate “cheap” energies?

    Thumb up 0 Thumb down 0

EU funds worth one billion euros were provided to Latvia last year

The total worth of contracts signed with European Union funds was more than EUR 1 billion last year. Thanks to financing provided by EU funds, Latvia was able to commence and realize 526 projects, allowing this money to stimulate the country’s economy, according to information from the Central Finance and Contracting Agency (CFCA).

5 000 people displaced by Turkish incursion in Syria, estimates UN

UN has estimated that around 5 000 people have fled north-western Syria, where Turkish and their allied Syrian forces are battling Kurdish militia.

Minister: foreigners find Latvia’s business environment more and more attractive

«Measures were performed last year to improve the business environment and make it more attractive for local and foreign investors, as well as significantly ease everyday work for them,» said Latvian Economy Minister Arvils Ašeradens.

Number of students in Latvia declined 35% in the past decade

The number of students accounted for 81.6 thousand in the academic year 2017/2018, indicating a decline of 1.6 % over the year. During the past decade, due to the population decline, the number of students has reduced by 43.8 thousand or 35 %.

National Alliance member: small countries cannot afford legal and corruption scandals

«Every resident living in a democratic country finds it difficult to follow political processes and what political interests each party has. More often than not the loudest and more expressive politicians do not have any wisdom to share or a state development plan to offer and fit Latvia’s interests. If the time comes when we conclude that we do not like a newly-elected Saeima...

Italy's leading party drops euro referendum plan

The anti-establishment 5-Star Movement, leading opinion polls ahead of a March 4 election, has presented a 20-point program which makes no mention of a referendum on Italy’s membership of the euro zone.

Latvia shares experience in civil rights reforms with Uzbekistan

Uzbekistan is one of Latvia’s priority countries for development of cooperation. Considering Uzbekistan’s launched reforms for state administration, Latvia is ready to continue offering support and sharing experience, says Foreign Ministry’s special assignment ambassador Igors Apokins.

Estonian state rail cargo company worked with million-euro losses in 2017

Estonian state-owned rail cargo carrier EVR Cargo concluded the year 2017 with net losses of 1.2 million euros, but managed to earn a million euros in from October to December 2017.

Alcohol industry to adopt social responsibility symbols on labels

More than 60% of all labels of wine and other strong alcoholic beverages purchasable in Latvia will be added with a special social responsibility symbols, reminding residents of responsible consumption of alcohol, BNN was informed by Latvian Alcohol Industry Association (LAIA).

ManaBalss.lv initiative «On saving Agenskalns market» submitted to Riga City Council

An initiative started by Anda Baidekalna «On saving Agenskalns market» has been submitted to Riga City Council for review. More than 2,000 people signed in favour of this initiative on ManaBalss.lv portal. Now Riga City Council will have to decide on approval of this initiative and develop a plan for development of Agenskalns market to preserve its functionality.

Estonian construction price rise influenced most by higher labour costs

Estonian construction price index grew by 1.5% in 2017 aligned with the average of 2016, Estonian statisticians calculated.

Latvian Economy Ministry proposes self-regulatory measures for postal sector

The problem with postal items lacking addresses can be resolved using self-regulatory measures in the postal industry, as mentioned in Economy Ministry’s prepared report on new measures and proposal for mechanisms to help make the work performed by the postal sector more efficient.

Venice tourists stunned over 1 100-euro restaurant bill

The leadership of the picturesque Italian town of Venice has pledged to ensure justice after four Japanese tourists complained of having been handed a 1,100-euro bill for steaks, water, service and a plate of fried fish.

Ratification of Istanbul Convention falls through in Latvia

Unity is the only one of the coalition parties in Latvia that has expressed support for the ratification of Istanbul Convention so far, politicians say.

Spain sees Puigdemont's trip to Denmark as provoking his own arrest

A judge of the Spanish Supreme Court has blamed Catalonia's former President Carles Puigdemont of seeking to provoke his own arrest by visiting Denmark from his country of exile, Belgium, as the politician faces charges carrying a possible prison sentence of up to 30 years.

Latvenergo: Latvia is the largest energy exporter in Baltic States

Latvia continues exporting electrical energy produced in the country – as of Monday, 22 January, it was 832 MW. Especially intensive energy production is recorded for Daugava’s hydro-electric power plants and Riga’s CHP plants. The largest import volume is registered for Lithuania, to which the amount of exported energy equals the amount consumed in Latvia, Latvenergo explains.

LALRG secretary general: we have to reduce gap in quality of life for EU citizens

Ever since Latvia joined the European Union, its population has declined 14%. The most significant decline was caused by the departure of residents of working age to other EU member states. Because of that, the population in eastern regions of Latvia has declined 23%.

Czechs up for close race in this week's presidential run-off

As the Czech Republic nears the second round of its presidential election this weekend, sociologists estimate that the pro-Western academic Jiří Drahoš enjoys a somewhat larger support than the incumbent Miloš Zeman, who easily won the first round.

Producer price level in Latvia’s industry up 3.1%

Compared to December 2016, the level of producer prices in Latvian industry rose by 3.1 % in December 2017. Prices of products sold on the domestic market rose by 3.0 %, while prices of exported products went up by 3.3 %. Prices of products exported to euro area countries grew by 3.8 %, whereas prices of products exported to non-euro area countries rose by 2.9 %.

MEP: an even greater UGF dominance would slow down Latvia’s development

If the Union of Greens and Farmers (UGF) gains an even greater presence in the upcoming Saeima elections, Latvia’s continued development would suffer, said member of the European Parliament Artis Pabriks in an interview to 900 seconds programme of LNT.

Tax reform challenge in January: labour tax recalculation

2018 commenced for Latvia with a historical tax reform and conceptual changes, significantly affecting everyday work performed by businessmen, employers and accountants. One of the changes financial specialists have to remember when calculating wages for January is the one for personal income tax, which also includes changes for state social insurance fees and solidarity tax, BNN was told by accounting experts.

Total tax debts in Latvia reach 1.217 billion euros at beginning of 2018

At the beginning of the year, total tax debts in Latvia, including existing debts, halted debts and debts with extended repayment debts, reached EUR 1.217 billion, which is 3% less when compared with the previous month, as reported by the State Revenue Service.

Estonia emphasises animal welfare as demand for animal food products grows

Although the demand for food products from animals is increasing, attention should be paid both animal welfare and sustainability in agriculture, Estonia's Minister for Rural Affairs Tarmo Tamm has stated.

Latvia hopes to recover its status as a country free of swine fever

There is hope that Latvia may yet recover its status of a country free of swine fever, says Food and Veterinary Service’s (FVS) Animal Infections Monitoring Department lead expert Mārtiņš Seržants.

Estonia prepares to inform population of actions in case of emergency or war

Estonia is preparing a brochure on how its population should act in case of major crisis or war.

Would you be ready to boycott something in your life?

View Results

Loading ... Loading ...

Polls Archive



Category feed: Feed: