Latvia commits to creating a strategy that defines the goals and activities for the nation’s transition to low carbon development. The strategy will provide long-term incentives for businesses, municipalities and the general public to change production, lifestyle and consumption patterns. It will provide the basis for mid-term development planning documents and measures. The Strategy will address all sectors of the national economy, including, energy, transport, agriculture and forestry. It will take into account the current national situation including Latvia’s greenhouse gas (GHG) emission intensity and EU and international climate change policies. The commitment intends to reduce economy-wide GHG emissions, enhance resource efficiency, change business and consumer behaviour, support innovation, improve health through less pollution, provide career opportunities for new specialist and entrepreneurs and create investment opportunities for institutional investors in low-carbon projects.
The commitment falls under focus area 4 and 5of the Batumi Initiative to shift consumer behaviours towards sustainable consumption patterns, and develop clean physical capital for sustainable production patterns.
Implementing partners will include Ministry of Economy, Ministry of Agriculture, Ministry of Transport, Ministry of Finance, social partners and sectoral associations.
The commitment is relevant to SDGs 9 and 13.