Armenia lean energy solutions

What is Armenia's energy-saving potential?

As Armenia’s largest energy-consuming sector, buildings account for nearly 40% of the country’s total electricity demand and more than 25% of its gas demand. Estimated energy-saving potential ranges from 40% to 60% across residential, public and commercial buildings, depending on interventions.

Is Armenia ready for a green energy transition?

Crucially, Pashinyan has also made the case for accelerating Armenia’s green energy transition and, in his government’s 5-year economic plan, foresees solar energy to cover 10 percent of the country’s total energy consumption in 2024.The country has huge untapped potential for green energy — hydro, solar, wind power and geothermal.

Will Armenia's economy benefit from a green economy?

Although some small groups might have to make extra efforts to adapt to the transition, society and Armenia’s economy will ultimately benefit. A successful shift to green economy requires teamwork between the government, businesses, citizens and civil society.

Can Armenia achieve climate neutrality by 2050?

The Green Agenda project aims to help Armenia achieve climate neutrality by 2050. It will prepare an assessment report on the nation’s readiness for green transition, develop a detailed roadmap for achieving climate neutrality, deliver awareness-raising campaigns, and provide targeted technical support and capacity building.

What does the Green Deal mean for Armenia?

The Green Deal is an ambitious roadmap by the European Commission to make the EU climate-neutral by 2050. For Armenia, an associated nation, this presents an exciting opportunity to integrate into global movement towards sustainability and innovation.