Moldova's climate and development challenges are inextricably linked. Weak and volatile growth, highlevels of poverty, near total energy import dependence, and a strong reliance on drought-prone agricultureare all symptoms of intrinsic structural vulnerabilities. Climate-smart development policies offer a pathwayto address long-standing structural barriers to growth and accelerate convergence with European Union(EU) standards. Renewable energy and energy efficiency scale-up are crucial for improving the country'senergy security but will require substantial investments as well as full implementation of sectoral reformsto accelerate integration with EU energy markets. Adaptation investments are key, not only to manage theimpacts of climate shocks, but also to raise productivity in the most vulnerable sectors. Most funding willneed to come from the private sector, while public sector investments need to be substantially augmentedby development partners. With smart macro-fiscal policies, Moldova has the opportunity and potential toimplement these ambitious measures and lay the foundations for sustainable and resilient growth.
Authors
Related Organizations
- Disclosure Date
- 2024/11/07
- Disclosure Status
- Disclosed
- Doc Name
- Moldova - Country Climate and Development Report
- Pages
- 108
- Product Line
- Advisory Services & Analytics
- Published in
- United States of America
- Rel Proj ID
- MD-Moldova Country Climate And Development Report -- P500615
- TF No/Name
- TF0C3316-Moldova NDC Support NDC and LTS Support
- Unit Owning
- ECA Regional Director (SCADR)
- Version Type
- Final
- Volume No
- 1
Table of Contents
- COUNTRY CLIMATE AND DEVELOPMENT REPORT 1
- MOLDOVA 1
- Table of Contents 3
- List of Figures 4
- List of Tables 5
- List of Boxes 5
- Acknowledgments 7
- Abbreviations 8
- Overview 9
- Overview 10
- Chapter 1 27
- Development and climate in Moldova 27
- 1. Development and climate in Moldova 28
- Chapter 2 39
- Climate commitments policies and capacities 39
- 2. Climate commitments policies and capacities 40
- Chapter 3 47
- Policies and investments to address climate and development challenges in key sectors 47
- 3. Policies and investments to address climate and 48
- Chapter 4 75
- Implications for poverty inclusion and the macroeconomic outlook 75
- 4. Implications for poverty inclusion and the macroeconomic outlook 76
- Chapter 5 99
- From assessment to action Aligning climate action with moldovas development 99
- 5. From assessment to action aligning climate action with Moldovas development 100
- References 105
