Vlado Georgievski – Faculty of Electrical Engineering and Information Technologies, “Ss. Cyril and Methodius” University in Skopje, Rugjer Bošković bb, P.O. Box 574, 1001 Skopje, Republic of North Macedonia

Nevenka Kiteva Rogleva – Faculty of Electrical Engineering and Information Technologies, “Ss. Cyril and Methodius” University in Skopje, Rugjer Bošković bb, P.O. Box 574, 1001 Skopje, Republic of North Macedonia

Keywords:                  Decarbonization;
CO2 reduction;
Net-zero strategy;
Power utilities

DOI: https://doi.org/10.31410/ERAZ.2023.463

Abstract: Decarbonization of the power sector means a reduction of its CO2 intensity, which reduces the emission of carbon dioxide per unit of electrici­ty generated. In order to meet the emission reduction targets pledged to the Paris Agreement on climate change, power utility companies need to devel­op strategies on how to decarbonize their generation assets. Companies must achieve carbon neutrality by 2050, which is necessary to meet the targets of the Paris Agreement of capping global temperature rise at 1.5°C and to meet the less ambitious 2°C target. Rapid decarbonization of the power sector is needed particularly as heat and transport sectors are electrified, creating an increase in demand for electric power. Decarbonization is being achieved by increasing the share of low-carbon energy sources, particularly renewables, and a corresponding reduction in the use of fossil fuels. Worldwide, renewa­bles now produce a third of power capacity.

9th International Scientific ERAZ Conference – ERAZ 2023 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Prague, Czech Republic, June 1, 2023

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2023 Conference Proceedings: ISBN 978-86-80194-72-1, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

Suggested citation

Georgievski, V., & Kiteva Rogleva, N. (2023). Decarbonization Initiatives among Leading Power Utility Players. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Conference Proceedings (pp. 463-473). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ERAZ.2023.463


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