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WHY PORTUGAL

WHY PORTUGAL?

The Lisbon Energy Summit, is officially endorsed by the Portuguese Ministry of Environment and Climate Action, who share our dedication and commitment to supporting the global energy supply chain through the emission reduction transition from 2023 and beyond.

Portugal, A World Leader in New Energies and Technological Innovation
Carbon neutrality

Portugal's energy and climate policy is to push for carbon neutrality, primarily through broad electrification of energy demand and a rapid expansion of renewable energy generation.
Renewables

Renewables covered 54% of the electricity generation and there is high use of bio energy in industry and buildings.
Sustainable energy

The government will provide financing for sustainable energy projects through the European recovery and resilience plan.
Energy transition

Portugal aims to accelerate its energy transition and increase the proportion of renewable sources by 20% points to 80% of its electricity output by 2026, four years earlier than previously planned.
"Portugal has found a good balance of ambitious targets and competitive support measures needed to drive a cost-effective energy transition"

Faith Birol

IEA Executive Director