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SOFIA (Bulgaria), March 16 (SeeNews) - The countries of Southeast Europe (SEE) should invest in carbon-free energy in order to avoid a potential power shortage within the next 10 years, Tim Yeo, chairman of New Nuclear Watch Europe (NNWE), said on Friday.
NNWE, founded in 2014, describes itself an interest group which promotes nuclear power as a way for European governments to meet the long-term security needs of their countries.
The shortage could potentially be caused by growing support at the European level for ending the use of coal, the rapidly increasing number of electric vehicles (EVs) and the use of energy-intensive technologies for data processing, Tim Yeo said during a conference on the role of NGOs in the forming of energt policy held in Sofia, according to a NNWE press release.
This means that electricity generation currently based on coal and natural gas will decrease significantly, while demand in the region will increase in view of the growing use of energy-intensive technologies such as Blockchain и Internet of Things (IoT). The legal consequences of SEE candidate countries joining the EU on the long-term energy strategy of their governments will transform the region from a traditional energy exporter into a customer seeking stable electricity supplies, Tim Yeo said.