Moldova country climate and development report

This report highlights the ways 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.