IEA gives the Lithuanian energy sector a positive assessment

Date

2021 04 28

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IEA Lithuania IDR of Energy Policy 2021 - Launch Birol and Kreivys.jpg

The International Energy Agency (IEA) claims that Lithuania has significantly strengthened its energy sector, particularly commending the synchronisation of its electricity network with the continental European network as well as its transition to renewable energy. All this was discussed today at the public presentation of the IEA report.

"Lithuania has made significant progress in implementing the vision of a secure, competitive, sustainable and innovative energy system in the Baltic region. We hope that this will contribute to Lithuania's quick invitation to become a member of this organization, "says Minister of Energy Dainius Kreivys.

During the assessment, Lithuania’s legislation and energy policy principles were analysed to make sure that they are in line with IEA standards. Attention was given to Lithuania’s targets and the real situation in the fields of oil, natural gas, electricity, renewable energy, energy statistics data collection, energy technologies and innovations, and so on.

“Lithuania needs to boost investments in clean energy technologies to enhance both its energy security and the competitiveness of its industries,” said Fatih Birol, the IEA Executive Director, who is launching the report today with Lithuania’s Minister of Energy Dainius Kreivys. “Hydrogen, offshore wind and batteries can be real game-changers in the context of Lithuania’s clean energy transition. I welcome the efforts by the Ministry of Energy to facilitate these innovations and look forward to the country joining the IEA as a full member.”

The results of the assessment showed that Lithuania is already among the leading IEA countries in terms of its share of renewable energy sources (RESs) in final energy consumption. The model of remote RES electricity consumers used in Lithuania was also recognised as being unique. Lithuania is one of the first countries in Europe to create opportunities for every resident and household to use renewable electricity – a system has been created where electricity from renewable energy sources can be produced in one place and used in another.

However, observations were also made that energy-related CO2 emissions in Lithuania have increased by 9 per cent since 2000, especially from transport. To meet its climate change reduction commitments, Lithuania will have to manage these trends – CO2 emissions must start to decrease. In addition, energy consumption in the country is growing, and giving energy efficiency the highest priority is stressed as the most effective means of reducing it. Lithuania is also being encouraged to significantly increase investments in clean energy technologies, which will further contribute to the country’s energy security and improve industry competitiveness.

The IEA is one of the most influential energy organisations in the world. In addition to being ready to respond to oil supply disruptions, it also provides information on the international oil market and other energy sectors, and acts as a policy adviser for its member countries. The IEA’s expertise is of particular relevance to Lithuania in accelerating changes in the energy sector and looking for optimal solutions in transitioning to climate-neutral energy, strengthening the national energy innovation policy, and increasing energy efficiency.

The IEA Governing Board decided to start consultations on Lithuania’s accession to the organisation in mid-2019. Following the final approval by the IEA Governing Board that Lithuania meets the IEA membership standards, the Seimas will have to ratify the 18 November 1974 Agreement on an International Energy Program. Lithuania will then be able to become a full member of the IEA. It is planned that this will happen this year.

The IEA currently has 30 member countries.