bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Saturday 29.02.2020 | Name days:
LatviaLatvia

Latvia’s efforts to achieve climate neutrality may require billions of euros

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

topical, Alda Ozola, environment protection, economic growth, global warming, investments, Environment Protection Ministsry, climate neutralityLatvia has not yet estimated the costs of moving towards climate neutrality, but they may reach billions of euros, said Environment Protection and Regional Development Ministry’s deputy state secretary Alda Ozola at the Energy and Climate Plan 2030 – Road towards Sustainable Country forum on Thursday, 21 November.

Answering the question as to how much the transition towards climate neutrality could cost Latvia, Ozola said no estimates have been performed so far. Numbers may become known before the end of the year.

«Certain needs outlined in the development plan have been calculated and could be financed using European Union. The specific amount is not known yet,» said the ministry’s expert.

Considering estimates from other countries, Ozola said costs may be close to billions of euros. However, she proposed taking into account that costs will come for the state and private investments.

«The keyword is investments, not costs,» added the ministry’s representative.

Meanwhile Environment Protection and Regional Development Minister Juris Pūce claims having a climate neutral economy does not mean slower growth of the national economy.

At the forum the minister said Latvia is part of the European Union and the country has a big role in determining the climate policy in the world.

«Many have said it is not possible to completely liquidate CO2 emissions, considering the emissions produced by countries like China, India and other countries. However, it is necessary to keep in mind that most of CO2 emissions generated by China, India and other Asian countries are consumed by Europeans, who purchase goods produced there, and we act as though emissions do not apply to us,» said Pūce.

Turning towards climate and economic affairs, the minister stressed that climate neutrality is possible without sacrificing economic growth.

«Yes, industries will change, as will the consumption structure, but this does not mean there will be no economic growth. I am convinced a climate-friendly economy and lifestyle can be compatible with economic growth,» said Pūce.

The minister said Latvia should become one of the leaders that use climate change as an opportunity.

«The EU and the world climate policy are here to stay. There will be changes, and they will be enormous. We can be the people who are ahead of others when it comes to new industries, new types of production forms, new practices and ways to create and consume energy. This means we have to be prepared to invest in research, development and innovations, as well as support the growth of the private sector with creation of new types of factories and products,» said Pūce.

Read also: German farmers sue government for lack of climate action

On 14 November, during a meeting of state secretaries for inter-institutional coordination the project submitted by Economy Ministry on National Energy and Climate Plan for 2030 (NEKP 2030). This marks the final coordination period for NEKP 2030 among ministries and other interested sides.

On 17 December 2019, the Cabinet of Ministers plans to approve NEKP 2030 so that it is possible to submit the plan to the European Commission for review.

NEKP 2030 will be the main document for the formulation of a sustainable energy and climate policy. NEKP 2030 long-term vision details a sustainable, competitive and safe way to contribute to the development of a climate neutral national economy.

The goal of the plan is bettering efficient use of resources, as well as their sufficiency and variety, as well as ensuring gradual reduction of the use of resources, especially fossil and unsustainable resources, and transitioning towards sustainable, renewable and innovative resources to help develop a sustainable energy sector and reduce climate change.


Leave a reply

Gints Miķelsons put in charge of Latvian Construction Contractors Partnership

From 1 March 2020 onward Gints Miķelsons, who has been the head of Latvian Sustainable Construction Council will be in charge of the Latvian Construction Contractors Partnership, as confirmed by construction contractors.

While Latvia’s GDP grows 2.2%, other Baltic States experience more rapid growth

In 2019, Latvia experienced the slowest GDP growth among Baltic States, according to data from Latvia’s Central Statistical Bureau of Latvia.

Latvia’s GDP growth reportedly 2.2% in 2019

Compared to 2018, the economic growth continued and Gross Domestic Product increased by 2.2 %. In 2019, GDP at current prices amounted to EUR 30.5 billion. Compared to Q3, in Q4 2019 GDP at constant prices grew by 0.1 %, according to seasonally and calendar adjusted data.

Retail trade turnover in Latvia up 2.6% in January

Compared to January 2019, total retail trade turnover rose by 2.6 % in January 2020. Turnover of retail trade in food products grew by 4.4 %.

Vilnis Ķirsis to remain in charge of Unity’s faction in Riga

On Thursday, 27 February, Vilnis Ķirsis was once again picked as the head of Unity party’s faction in Riga, as confirmed by the party.

Latvia and USA sign joint declaration to enhance 5G network security

On Thursday, 27 February, Latvia’s Foreign Affairs Minister Edgars Rinkēvičs and US Secretary of State Mike Pompeo sign a joint US-Latvian declaration on 5G network security, as reported by Foreign Affairs Ministry.

Estonian Tallink Grupp sees profit growth of EUR 9.7 million on year

Estonian provider of ferry transport and related services Tallink Grupp has worked in 2019 with a net profit of 49.7 million euros, according to its unaudited financial results of the year, as reported by Estonian public broadcaster ERR.

Jakrins reportedly a beneficiary in a company that organizes Brasas and Deglava bridge repairs

Long-standing Riga City Council official Emīls Jakrins, who was in charge of the Transport Department not long ago, is beneficiary and factual owner of LLC TecPro Construction, which is a contractor to Lithuanian company Kauno tiltai, which has been hired by the city council to repair Brasas and Deglavas bridges, as reported by Diena newspaper, referencing unofficial information.

UK ready to switch to WTO trade rules if no EU by end of year

The British government has declared that unless concessions are made by Brussels in EU-UK talks on their future cooperation, the former EU member would trade with the bloc on WTO rules from 2021, British news portal The Guardian reports.

Residents able to submit compulsory income declarations by 1 June; VID urges using EDS

March 2020 will mark the beginning of the three-month period within which all residents for whom it is compulsory will be able to submit their income declaration for 2019. This period will last three years for residents for whom this process is voluntary, as reminded by the State Revenue Service.

Lithuanian border guards start informing travellers about the situation with Covid-19

As the new coronavirus Covid-19 continues spreading in Europe, Lithuanian border guards have begun informing travellers from Latvia and Poland about necessary protective measures.

Turkish soldiers killed in Syria, in regime airstrike, Ankara says

In the current epicentre of the Syrian civil war, 33 soldiers of the NATO member state Turkey have been killed as Syrian government military aviation carried out attacks on Turkish military posts set up in its neighbouring country, German broadcaster DW reports citing Ankara.

Weather in Latvia to be winter-like at week’s end

Weather in Latvia is expected to be winter-like at the end of the week – air temperature is expected to drop below 0° C at night in most of the country. In some areas cold snap may be felt during the day, as reported by Latvian Environment, Geology and Meteorology Centre.

First coronavirus infection case found in Lithuania

The first coronavirus infection case is confirmed in Lithuania, as mentioned in Lithuanian government’s statement released on Friday, 28 February, as reported by 15min.lt.

SPKC urges passengers of 26 February Istanbul-Riga flight to respond

Latvia’s Disease Control and Prevention Centre is looking for passengers who flew together with confirmed coronavirus patient from Istanbul to Riga on Wednesday, 26 February.

Regional hospitals in Latvia report high demand for protective clothing

Because of the outbreak of the new coronavirus Covid-19, demand has considerably increased for individual protective clothing, which forces prices to go up, as reported by heads of hospitals.

Rail Baltica not just marvelled, but cussed too in Lithuania

If implemented, the ambitious 5.8-billion euro Rail Baltica project aiming to build a nearly 1000-kilometer rail link from Helsinki to Poland through Lithuania, Latvia and Estonia will be a major infrastructural achievement of the Baltics, but the possibility of dashing at the now surreal speed of 250 kilometres per hour as soon as in 2026, when the project is slated for completion, comes at expense of many land owners in Lithuania’s six municipalities, which will be crossed by the European-gauge tracks.

Construction costs in Latvia up 2.8% in January

Compared to December 2019, the level of construction costs in Latvia fell by 0.2 % in January 2020. Labour remuneration of workers reduced by 0.9 %, prices of building materials – by 0.1 %, but maintenance and operational costs of machinery and equipment – rose by 0.2 %.

In Greece, violent protests against new migrant camps continue for 3rd day

In Greece, continued protests and clashes have resulted in over 60 people suffering injuries as people on the islands of Lesbos and Chios protest against the construction of new migrant centres, British public broadcaster BBC reports.

Minister says Latvia’s initiated territorial reform will create more sustainable municipalities

The report from the European Commission mentions that Latvian government’s initiated administrative territorial reform will create more sustainable municipalities with greater capacity and ability to provide services of comparable quality, as reported by Environment Protection and Regional Development Ministry.

Latvian Saeima changes the prosecutor general’s selection order

On Thursday, 27 February, Latvia’s Saeima approved amendments to the order under which the country’s prosecutor general is selected.

Textile producer in Lithuania complies with Greenpeace standards in industrial textile making

Lithuanian textiles producer Utenos Trikotažas has been deemed by environmental protection organisation Greenpeace as complying with the standards of the later as to not using hazardous chemicals and being fair and transparent in its business, LRT reports.

From March onward prices of alcoholic beverages to increase in Latvia

Through a measured and gradual increase of excise tax rate policy, starting with 1 March 2020 the excise tax rate for alcoholic beverages in Latvia will increase, as confirmed by the State Revenue Service.

435 whistle-blower reports received in eight months in Latvia

In the first year of the Whistleblowing Law, Latvian central state institutions have received 435 reports from whistle-blowers, as reported by the State Chancellery.

Estonia finds first positive coronavirus case

In Estonia, the first case of a person being infected with the novel coronavirus has been found, stated Estonian Social Affairs Minister Tanel Kiik on Thursday, February 27, as cited by Estonian public broadcaster ERR.

Newest comments

Do NOT follow this link or you will be banned from the site!