Latvia''s path to energy transition: Expanding
Latvia''s Energy Strategy 2050 outlines major changes in renewable energy production and storage, with significant investments
Bringing wind and solar power projects online will also help reduce Latvia's dependence on natural gas imports and can contribute to lower electricity prices; current efforts to develop offshore wind will support this outcome.
Local authorities are responsible for municipal energy supply and renewable energy projects, with Latvia's energy transition guided by the National Energy and Climate Plan and the Energy Strategy 2050.
Overall, Latvia has made considerable progress in unlinking its energy dependency from Russian imports in a short period of time, including by imposing bans on the import of electricity and natural gas from Russia in 2023. The government is also changing its storage model for oil reserves to further fortify its oil security.
The creation of a new Ministry of Climate and Energy in January 2023 will further support Latvia's climate and energy goals by ensuring a more dedicated and systematic government approach to policy making and implementation.
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