N. Macedonia launches 3 bln euro investment platform for just energy transition

The government signed a declaration with the European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Climate Investment Funds (CIF), the Council of Europe Development Bank (CEB) and Germany's development bank KfW to cooperate in the implementation of the initiative, it said in a press release on Sunday.

One of the aims of the platform is to help the deployment of 1.7 GW in new renewable energy capacity until 2030, the North Macedonia's economy minister Kreshnik Bekteshi said. The government is currently working on an investment plan which should identify potential areas for investments and financial support, he added.

The platform was initiated by the government of North Macedonia with technical support from the EBRD.

North Macedonia pledged to reduce its net greenhouse gas emissions by 82% by 2030 compared to 1990 levels.

($ = 0.919871 euro)