What challenges does Luxembourg face in the energy sector?

The government has adopted ambitious energy sector targets, including a 50-55% reduction of greenhouse gas emissions by 2030. Luxembourg faces challenges achieving those targets. Low energy prices for consumers are creating a barrier to the investments needed in energy efficiency and renewables.

Does Luxembourg need a new electricity infrastructure?

Luxembourg aims to cover over a third of 2030 electricity demand with renewables, mostly through variable renewable energy (VRE) from PV and wind generation. The share of VRE generation in imported electricity is also expected to increase significantly. Taken together, these factors will require substantial investment in electricity infrastructure.

What are Luxembourg's Energy Policy Priorities?

Since the 2014 IEA review of Luxembourg’s energy policies, the country has made progress on its energy sector priorities of ensuring security of supply, promoting energy efficiency, increasing the use of renewable energy and reducing greenhouse gas (GHG) emissions.

What is Luxembourg's energy demand?

transport accounts for about 13% of Luxembourg’s final energy demand. While the agricultural sector accounts for the lowest share in the final energy demand at around 0.2%, the industrial sect riculture 0.2% HDTrade, c ehold; trade, commerce and services; transport and agricultural sectorsLuxembourg’s energy

How many energy suppliers are authorised in Luxembourg?

00 Source: Creos4.5.3. Electricity and gas markets, energy icesSection 4.4 presents the annual electricity and gas consumption. For the Luxembourg electricity market, 26 suppliers ar currently authorised, of which 14 were active on the market last year. On the gas market,

Is Luxembourg a good place to invest in energy?

This is especially true for the transport sector, which in 2017 accounted for 54% of energy demand and 65% of non-ETS GHG emissions. 1 Luxembourg’s low cost of energy and the high purchasing power of its consumers are also a barrier, as they limit interest to invest in renewables and energy efficiency.