Achieving Latvia's climate neutrality ambitions requires careful consideration and balance, according to Rinkevics
Latvia's Economic Sustainability Law Advances Climate Neutrality Goals
Latvia is moving forward with its efforts to achieve climate neutrality and align with international commitments, as the government has endorsed the Economic Sustainability Law drafted by the Climate and Energy Ministry. The law, which addresses social and environmental aspects in its implementation, is designed to promote the sustainability of Latvia's economy by fostering competitiveness and moving towards climate change mitigation and climate resilience.
The law's goal is to achieve climate neutrality and national climate targets in line with EU and international commitments by 2050 at the latest. The development of renewable energy, specifically solar and wind parks, is a key part of Latvia's climate neutrality goals. To facilitate this, the Ministry for Climate and Energy has proposed to simplify and systematize the regulatory framework related to solar and wind power development. This aims to reduce administrative burdens and promote clearer, more predictable legal conditions for developing solar and wind parks.
In a meeting today, Latvian President Edgars Rinkevics and Climate and Energy Minister Kaspars Melnis discussed draft laws related to the sector. The meeting also covered the ministry's proposals for measures to reduce bureaucracy in the process of developing renewable energy. The draft electricity transmission service tariff was another topic of discussion.
Martins Dregeris, Rinkevics' adviser, provided information about the meeting to LETA. The parties in the meeting also discussed the ministry's plans to codify and digitalize legislation for renewable energy projects to streamline the planning process.
Rinkevics emphasized the importance of well-thought-out and proportionate climate neutrality goals. The Economic Sustainability Law is based on the commitments of the United Nations Framework Convention on Climate Change and its Paris Agreement. The law aims to align Latvia's climate targets with those of the EU and international commitments.
The development of renewable energy infrastructure, such as solar and wind parks, is crucial for Latvia's future. By fostering competitiveness and promoting the sustainability of Latvia's economy, the Economic Sustainability Law is a significant step towards achieving climate neutrality and ensuring a sustainable future for the country.
