Latvia

<div>To benefit from the support of the Recovery and Resilience Facility set up by the EU in the aftermath of the COVID-19-induced economic crisis, Member States submit their recovery and resilience plans to the European Commission. Each plan sets out the reforms and investments to be implemented by end-2026 and Member States can receive financing up to a previously agreed allocation. Each plan should effectively address challenges identified in the European Semester, particularly the country-specific recommendations of 2019 and 2020 adopted by the Council. It should also advance the green and digital transitions and make Member States’ economies and societies more resilient. The Commission validates the plan after which it effectively enters in force and EU subsidies can start flowing towards the member state. The Commission validates the plan after which it effectively enters in force and EU subsidies can start flowing towards the member state. The European Commission has given a positive assessment to Latvia’s recovery and resilience plan, which will be financed by €1.8 billion in grants. 38% of the plan’s total allocation for reforms and investments supports climate objectives</div><ul><li>Overhaul of the Riga Metropolitan area transport: creating&nbsp;a multimodal public transport network with a single and coherent timetable, a single price and ticket system and investing in clean transport infrastructure, including railways, trams, electric buses and cycle lanes. €295 million</li><li>Energy efficiency in private and public buildings: financing a large-scale renovation initiative to increase the energy efficiency of residential buildings, public buildings and businesses. €248 million</li><li>Modern and green electricity networks: investing in the green and digital transformation of electricity grids to provide adequate electricity supply infrastructure for the Latvian economy and the deployment of electric cars. €80 million</li></ul>

The National Energy and Climate (ENCP) Plan is a ten-year integrated document <a href="https://ec.europa.eu/energy/topics/energy-strategy/national-energy-climate-plans_en">mandated by the European Union</a> to each of its member states in order for the EU to meet its overall greenhouse gases emissions targets.&nbsp; The Energy and Climate Plan addresses all five dimensions of the EU Energy Union: decarbonisation, energy efficiency, energy security, internal energy markets and research, innovation and competitiveness.&nbsp; The plan setstargets including on greenhouse emissions reduction, share of RES in energy consumption in transport, share of advanced biofuels and biogas in energy consumption in transport and interconnection. The measures and principles set out in the Plan are based on full introduction and implementation of the ‘polluter pays’ principle.

The Strategy is a long-term policy planning document designed to increase the economic competitiveness of the Latvian economy at the same time as limiting and reducing climate change, as well as to ensure a safe living environment for the people of Latvia. It is designed to support the European Union's overall climate-neutrality target by 2050. This document was released alongside the <a href="http://www.zrea.lv/upload/attach/2%20Latvijas%20Nacionalais%20energetikas%20un%20klimata%20plans%202021_230.pdf">National Energy and Climate Plan 2021-2030</a> that is a mandatory communication to the EU. The document details the government's overarching goals and lines of action, examines and sets the emissions reduction low-carbon objectives across the economy's main sectors.

This document sets the government's strategy to ramp up cycling in the country.

This Plan is the main medium-term development planning document. It seeks to combine business and sustainability objectives.

The document notably emphasises on measures to improve energy efficiency, in the productive sector but also in public and residential buildings. Latvia notably seeks to reduce energy intensity and sectoral emissions, increase the share of local renewable energy resources in the total consumption volume.

Another main goal of the Plan is to ensure the sustainable management of natural and cultural capitals. This includes the adequate management of forests, and to preserve the country's environment to sustain economic growth while reducing environmental impacts from natural and man-made activities.

In 2006, Latvia introduced it a Natural Resources Tax Law that contains provisions for a carbon tax on CO2 emissions. The tax is applied across many industrial sectors, including "power and heat generation, oil refineries, steel works and production of iron, aluminium, metals, cement, lime, glass, ceramics, pulp, paper, cardboard, acids, and bulk organic chemicals". Operators of stationary technological installation and aircraft operators who are included in the scheme for emission allowance trading within the European Union are exempted from paying the carbon tax. Other exemptions include electric vehicles and rapeseed oil (if it is used as a fuel source or if a biofuel is made solely from rapeseed oil).

Latvia Biennial Transparency Report. BTR1

Latvia. National Communication (NC). NC 8. Biennial Reports (BR). BR 5., National Communication,Biennial Report from Latvia in 2022

Latvia. 2022 National Inventory Report (NIR), National Inventory Report from Latvia in 2022

Latvia. 2021 National Inventory Report (NIR), National Inventory Report from Latvia in 2021

Latvia. Biennial report (BR). BR 4, Biennial Report from Latvia in 2019

Target 7% of energy used in transport to be from renewables by 2030

Target 50% of energy to be produced from renewable energy sources by 2030

Target ≥6 GHG emission intensity reduction in transport energy life-cycle

Target 6% reduction in non-ETS activities (compared to 2005)

Target 65% reduction in greenhouse gases by 2030

Target 76% reduction ( including ZIZIMM sector) in GHG emissions by 2040

Target 38% reduction ( including ZIZIMM sector) in GHG emissions by 2030

Target 85% reduction in GHG emissions by 2040

Target 65% reduction (excluding ZIZIMM sector) in GHG emissions by 2030

Reducing GHG emission by 65 per cent compared to 1990.



Reduction of GHG in non-ETS activities by 6 per cent compared to 2005.



Total GHG emissions reduction at -38% in 2030 (+/- 5%), -76% in 2040 (+/- 5%)

GHG emissions from land use â‰¤1 047 ktCO2eq by 2030 and net zero by 2040

-85% CO2 emissions excluding land use sector

-65% CO2 emissions excluding land use sector

Latvia

Documents

Targets (17)