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increasing environmental apprehensions linked to lignite mining, there is a mounting necessity for Kosovo to shift towards renewable energy sources.
The nation holds untapped potential in solar and wind energy, and directing investments into these sectors can not only mitigate environmental concerns but also bolster energy security and foster new economic prospects.
In November, Kosovo, North Macedonia, Albania and Greece signed a memorandum of understanding (MoU) in Athens, which paves the way for the merger of the countries’ electricity markets. This will lead to the creation of a unified electricity market interconnected with the broader European market.
7.6 Energy & Power - North Macedonia
North Macedonia officially launched its Just Energy transition investment platform on December 3, aiming to mobilise up to €3bn in investments and technical assistance. The platform's primary objective is to guide North Macedonia's ambitious plans for a just and low-carbon transition within its electricity sector.
The ultimate goal is to expedite the country's energy transition and facilitate the deployment of 1.7 GW in new renewable energy capacity by 2030, accompanied by essential grid and storage infrastructure. The European Bank for Reconstruction and Development (EBRD) has been actively involved in supporting the government in developing this platform and will lead coordination efforts with various international partners.
The European Commission, Climate Investment Funds, the World Bank, International Finance Corporation, the European Investment Bank (EIB), Kreditanstalt für Wiederaufbau, Council of Europe Development Bank and Cassa Depositi e Prestiti have all confirmed their support for North Macedonia's aspirations and the successful implementation of the platform.
This initiative aligns with North Macedonia's existing commitment, as outlined in its Nationally Determined Contribution, to reduce net greenhouse gas (GHG) emissions by 82% by 2030 compared to 1990 levels.
According to the latest statistics office data, North Macedonia had total primary energy production of 1,040,502 toe in 2022, constituting 37.9% of the gross inland consumption. The overall gross inland energy consumption for the same year amounted to 2,746,673 toe.
The major consumers of final energy in 2022 were as follows: transport accounted for 41.1%, households for 26.3%, and industry for 20.1% (of
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