Welcome to a brief insight into the second quarter of 2024 for the Baltic cleantech sector. Our quarterly briefings include sector highlights, coalition news, investment and public support news, policy news, and a comprehensive list of upcoming events in the region. For a full overview, click on the link at the end of the article.
Highlights
- The Estonian Cleantech Association was founded on 7 May in Tallinn. The association grew out of the activities of the non-profit Cleantech Estonia. Establishing the business association is necessary in the current phase of rapid development of the sector. It aims to increase cooperation and ensure the sector’s growth. Click here to learn more.
- The Breakthrough Energy Summit, held in London from 25-27 June, brought together a network of global climate leaders dedicated to accelerating the transition to a clean energy future.
- The third international conference dedicated to green and digital innovations, DigiGreen’24, was held in Vilnius. Click here to learn more.
Investment Data
Total investments in cleantech for the second quarter of 2024 was 78,95M EUR, while last year Q2 had investments of 19,38M EUR. The most investments were made in the Energy & Power sector.
Policy News
- Lithuanian Seimas updated the National Energy Independence Strategy in June. The document aims for Lithuania to become fully energy independent by 2050.
- The Ministry of Climate of Estonia presented the key principles of the Climate Resilient Economy Act in May. A big emphasis is on ensuring a smooth transition to renewable electricity as clean energy production has the biggest potential in helping Estonia reach its 2030 climate targets.
- Energy ministers from eight countries around the Baltic Sea have endorsed the Vilnius Declaration on the development of offshore wind in the Baltic Sea. Discussions have focused on infrastructure development and security.
Ready to learn more about Baltic cleantech? Click here to read the full Cleantech for Baltics Q2 Briefing of 2024.
