Transition to net-zero emissions to cost Slovenia €21-27 billion

Šaleška dolina, Slovenia with coal power plant and artificial lakes from coal mining. [Shutterstock/matej_z]

Slovenia expects to spend between €21-27 billion to achieve net-zero greenhouse gas emissions by 2050 in line with EU targets on climate neutrality.

Under the long-term climate strategy adopted by the Slovenian government this week, the country must cut greenhouse gas emissions by 80-90% by 2050. Emissions are projected to decrease by 90-99% in transport and energy, 5-22% in agriculture, and 80-87% in industry.

The plan requires a massive restructuring of energy sources, as overall electricity consumption will increase significantly due to the transition to e-mobility and greater use of electricity by industry and for heating.

This includes the phase-out of coal, which is currently planned for 2033, and the use of natural gas as a transitional source. Hydroelectric power will be expanded in the meantime and new wind and solar power plants constructed.

The strategy also lays the groundwork for the construction of a new unit at Slovenia’s sole nuclear power station in Krško as the existing unit will be retired by then. “It creates the basis for planning the second nuclear power station,” Environment Minister Andrej Vizjak has said. 

“The long-term strategy charts a clear course for Slovenia’s long-term development change and increases predictability for businesses, investors and consumers,” the minister added.

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