LATVIA’S ENVIRONMENTAL SECTOR
Latvia is internationally acknowledged as a country with a high level of biological diversity. Currently, Latvia has four nature reserves, four national parks containing reserves and restricted areas, one biosphere reserve, 261 nature reserves, 42 nature parks and nine protected-landscape areas.
Latvia’s natural resources are fairly limited, consequently industry and households will always be dependent on imports to some extent, particularly of oil, natural gas, coal, metals and minerals. There are significant deposits of quartz, dolomite, clay, sapropel and peat in Latvia.
Latvia is rich in water resources, which fully meet the country’s needs. More than 12 400 rivers and around 4 000 lakes and watercourses cover 3.7% of the country’s territory.
Latvia’s total emissions of greenhouse gases are the lowest in Europe both in total emissions and emissions per capita (total emissions have decreased by more than 55% since 1990).
According to Eurostat data, Latvia generates less waste per capita than most other EU states.
Areas of particular interest to foreign entrepreneurs include:
RENEWABLE ENERGY IN LATVIA
While producing slightly more than 36.2% of its inland annual energy consumption from renewable energy, Latvia is the leader of the share of renewables in total energy consumption within the EU (Eurostat, 2016).
Primary Energy Generation from Renewables, PJ
Source: Central Statistical Bureau of Latvia
The two most prominent renewable energy sources in Latvia are biomass and hydropower, where also significant R&D capacity has been developed, in order to maintain a sustainable growth of domestic industries and assist our partners abroad. In the meantime, there is still a lot of opportunities to be developed in wind power and solar energy segments.
Furthermore, despite impressive track-record, Latvia has already set one of the highest EU 2020 goals for development of renewables, and anticipates others to join in its dedication to green and truly sustainable future economy.
Additional information at:
Full industry profile
Database of Latvian exporters: environment-industry-companies.liaa.gov.lv
Ministry of Environmental Protection and Regional Development: www.varam.gov.lv
Latvian Environment, Geology and Meteorology Centre: www.meteo.lv
Latvian Association of Waste Management Companies: www.lasua.lv
Environment, Bioenergetics and Biotechnology Competence Centre: fidea.lv
Latvian Environmental Investment Fund: www.lvif.gov.lv
Latvian Peat Producers’ Association