The presentation “Building a Resilient and Carbon-neutral Energy System in the Republic of Moldova” by UNECE summarises:
- The Republic of Moldova is importing almost 100% of fossil energy resources (gas, gasoline, diesel, LPG,…) and about 70% of its electricity demands. To transition towards a carbon-neutral future, the Republic of Moldova should untap its renewable energy potential and invest in renewable energy infrastructure.
- Over the past years, the Republic of Moldova has shown strong political will to implement energy market reforms as a precondition for energy transition, enhanced energy security and climate change mitigation. Within the Energy Community Treaty, the Republic of Moldova has adopted the core EU energy and environment legislation.
- The Republic of Moldova’s power system interconnections with Romania and Ukraine are critical for regional energy security and regional integration.
- While today’s final energy mix in the Republic of Moldova still heavily depends on fossil fuels and biomass, more ambitious climate mitigation policies are expected to lead to greater energy savings and a shift to lower carbon technology options. To reach net-zero, deep electrification across the sectors is needed resulting in greater share of electricity in the final energy mix.
- Today the domestic renewable energy potential remains relatively untapped but the committed renewable energy capacity in the Republic of Moldova by 2030 is expected to reach 700 MW. In 2023, renewable energy generation met 10.5% of the energy demand, compared to 5.5% in 2022.
- Status quo implies that natural gas fired power plants will dominate the mix until 2040. However, to attain net-zero by 2050, the renewable energy capacity in the Republic of Moldova will have to increase 4 times from the 2024 levels. Today about 400 MW of renewable energy capacity has been installed in the Republic of Moldova – of which about 230 MW of solar PV, and 170 MW of wind capacity. To reach net-zero by 2050, the renewable energy installed capacity in Moldova will have to increase from 400 MW in 2024 to 1600 MW in 2050.
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