Extreme weather conditions that destroy biodiversity, negatively impact economies and human health are no longer surprising. These are the consequences of climate change, and the Lithuanian Business Support Agency (LBSA) has mitigation measures in its portfolio.

States are encouraged to promote the development and use of modern technologies to curb harmful emissions and to change irresponsible consumption habits. On October 24, International Climate Change Day, the world community talks about it in public debates and draws attention to the growing problem in various ways – through matches, marches, dance championships, mountain climbs and tree-planting campaigns.

The devastating effects of climate change in the world also have an indirect economic impact on Lithuania. Although our country is considered one of the least affected countries in the world, the warming climate is already affecting Lithuania’s water resources, ambient air quality, landscape, waste management, forests, agriculture and other areas at an accelerating rate.

Green, ecological, safe

According to Aurimas Želvys, Director of the LBSA, the European Commission (EC) is stressing the need to take bold action in the fight against climate change. He said it is crucial for our country to further promote energy efficiency and the share of renewable energy sources in final consumption and the transport sector, as well as to help companies to introduce technological eco-innovations.

‘The key challenge for national businesses in 2021–2027 EU investment is to create a system of incentives for innovation. In Lithuania we are among the first to see what the EC is trying to achieve, but the incentives for sustainable business innovation are not always timely. Motivation and competences for the speed and sustainability of innovation and the realisation of eco-costs in socially responsible business are open questions,’ says Želvys.

One of the most popular measures administered by the Agency, ‘Eco-innovations LT’ (Eco-inovacijos LT) and ‘Eco-innovations LT+’ (Eco-inovacijos LT+), are in line with the objectives of the EU’s Green Deal and promote a climate-neutral, modern and resource-efficient economy. Under these measures, the LBSA has signed 229 contracts and almost EUR 93 million of EU investment has been allocated to project promoters.

‘Hydroelectric power plants, solar, wind and tidal power plants generate electricity without emitting gases that are harmful to the atmosphere, and all measures to promote environmentally friendly energy production methods are also measures to combat the devastating effects of climate change,’ notes Želvys.

According to Želvys, the measure ‘Renewable Energy Resources for Industry LT+’ (Atsinaujinantys energijos ištekliai pramonei LT+) administered by the Agency, which is in line with Lithuania’s commitments to the objectives of the EU priority ‘Greener Lithuania’, has served these purposes. Under this measure, the LBSA has signed 171 contracts with project promoters and EUR 32 million of EU funds has been made available for the implementation of projects.
In total, the LBSA has allocated EUR 514 million of EU investment to energy projects under the 513 signed contracts.

Production is getting cleaner

More and more manufacturing companies, being aware of their responsibilities, are trying to improve their technological processes to make them greener and less polluting. Processes are also being changed for the benefit of the companies themselves because improved processes often save energy and materials.

For example, UAB Margūnas is currently implementing a project to contribute to the reduction of climate change, aimed at reducing the quantity of raw materials used for the production of chemicals and to provide container washing services to its customers. According to the agreement with the LBSA, almost 1.5 million EUR has been allocated for its implementation.

UAB Stigma, which received EUR 273,000 in EU funds, optimised its processes and introduced technological eco-innovations that reduced the use of electricity and lubricants in all production processes, thus contributing to the reduction of the negative effects of climate change and the greenhouse effect.

The company is currently implementing a project under the ‘Renewable Energy for Industry LT+’ (Atsinaujinantys energijos ištekliai pramonei LT+)  measure, which has received EU funding of almost EUR 200,000 under an agreement with the LBSA.

Currently, 102 projects are under implementation and 127 are completed under ‘Eco-innovation LT’ (Eco-inovacijos LT) and ‘Eco-innovation LT+’ (Eco-inovacijos LT+) measures, 75 projects are under implementation and 96 are completed under the ‘Renewable Energy for Industry LT+’ (Atsinaujinantys energijos ištekliai pramonei LT+) measure.

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