Green home energy storage in luxembourg city

Why is Luxembourg a leader in sustainable finance?

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.

How will Luxembourg contribute to energy independence?

Luxembourg is already participating in cross-border renewable energy projects and is committed to expanding its role in collaborative projects such as those related to offshore wind energy in the North Sea and hydrogen corridors, to contribute to the EU's goal of energy independence.

What projects does Luxembourg participate in?

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.

Will Luxembourg expand offshore wind power capacity by 2030?

Within wind power initiatives, Luxembourg is collaborating on cross-border projects in the North Sea to expand offshore wind power capacity to 120 GW by 2030.within wind power initiatives, Luxembourg is collaborating on cross-border projects in the North Sea to expand offshore wind power capacity to 120 GW by 2030.

Will Luxembourg achieve net zero emissions by 2050?

Furthermore, in February 2024, Luxembourg signed the Net-Zero Industry Act agreement and committed to achieving net zero emissions in national government operations by 2050.