Saturday, July 3 2021 16:25

ArmInfo.By 2030, Armenia intends to reduce harmful  emissions into the atmosphere by 40%. This was stated by the acting  Deputy Prime Minister of the country Tigran Avinyan, speaking at the  regular annual meeting of the European Bank for Reconstruction and  Development (EBRD) being held online.

He noted that this goal is contained in the National Investment Plan adopted by the country. The  aim of the new national strategy, according to acting head of  government, is to reduce emissions by 40% by 2030 compared to 1990,  mainly in the energy sector. <By 2030, we aim to increase the share  of solar energy in total energy production to 15%. The share of  energy production with zero emissions will be about 54% of the total,  "Avinyan said.

According to him, the use of appropriate mechanisms and financial  instruments is vital for the successful implementation of the formula  <from intentions to implementation >. <We reaffirm our commitment to  working with the EBRD to mobilize climate finance on a large scale.  Armenia generally welcomes the EBRD climate initiatives aimed at  low-carbon development in the future direction of action, "he said.

In this context, acting Deputy Prime Minister said that Armenia is  taking active steps to avoid catastrophic climate change, steps to  redefine development models, accelerate the transition to a more  sustainable low- carbon economy.  During his speech, Avinyan also  noted that all important topics that significantly affect the  architecture of the region's economy cannot be implemented without  strong democracies, stability and peace. "To this end, the  international community and institutions, including the EBRD, must  condemn more forcefully those violations that pose humanitarian  threats and threaten stability in the region," he said.  According to  the report, within the framework of the annual meeting of the EBRD,  special investment outlook sessions are traditionally held, where  countries present their investment opportunities. The event is a good  opportunity for the business community to establish new relationships  with the executives of financial and corporate companies, high-level  government officials and more than 2,000 representatives of other  fields. During the event, a high-level dialogue is conducted on  topical topics, and decisions are made regarding the Bank's  development strategy.  To remind, EBRD is the leading institutional  investor in Armenia and is actively working in all fields of the  economy. Having started its activities in Armenia in 1992, as of  early June 2020, the bank invested 1.36 billion euros in Armenia in  178 projects in the financial, corporate, infrastructure and energy  sectors, with 90% of investments made in the private sector.