Erneuerbare Energien
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It also ranked first among the IEA member countries regarding the energy consumption per capita, with 6.1 tonne of oil equivalent (toe) . Although Luxembourg's government heavily invested in the roll-out of renewable energies by doubling the total supply from 2008 to 2018, it still lags behind most high GDP countries .
Luxembourg participates in projects financed by the EU Innovation Fund, which supports innovative industrial initiatives. For example, projects related to energy storage, recycling and carbon capture and storage (CCUS) are being developed to reduce emissions in energy-intensive industries.
The following are some of the priorities for achieving the objectives set out in Luxembourg's Integrated National Energy and Climate Plan (NECP): Self-consumption and sharing of renewable electricity. Targeted expansion of heat produced by renewable energy: heat pumps will become standard in new and renovated buildings.
Luxembourg is a leader in sustainable finance with financial instruments for clean energy projects, pioneering this type of bond.Luxembourg is a leader in sustainable finance with financial instruments for clean energy projects, pioneering this type of bond.
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