COP28: North Macedonia - Launch of the In-Country Platform to Accelerate a Just Energy Transition
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North Macedonia will launch the in-country platform to accelerate just energy transition and sign the underlying partnership agreement. The platform enables a shift to a more programmatic approach by targeted, large-scale investments and ensures an equitable green transition that protects vulnerable communities. To this end, EBRD, Climate Investment Fund (CIF) and international partners built on the successful experience of Egypt’s energy transition platform NWFE (Nexus Food-Water-Energy).
North Macedonia is reliant on coal for 40% of its electricity generation. The Platform will support the country’s coal phase-out by 2030, deployment of renewable energy and associated grid investments. It will also integrate just transition by ensuring that the green economy transition benefits are shared, protecting vulnerable people and regions from falling behind. The event will highlight how in country platforms can be key to enabling private sector mobilisation through addressing marker barriers, especially in the conditions of scarce door resources.
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