World Bank to help Slovakia with low-carbon strategy

Slovak Environment Minister Laszlo Solymos and a World Bank representative on Monday signed an agreement of cooperation regarding Slovakia's low-carbon strategy.

This cooperation, signed by Solymos and World Bank country manager for Bulgaria, the Czech Republic and Slovakia Antony Thompson, will result in a study of low-carbon growth in Slovakia up to 2030 with a prognosis up to 2050.

"The World Bank will help Slovakia with creating and developing technical capacities for analyses in the area of climate change and power engineering and with preparing a low-carbon development study," explained Solymos.

The study will serve as a foundation for developing the Slovak low-carbon development strategy.

"At the same time, the World Bank will also help us with setting up and training a team of experts from other departments and professionals from the academic and university sectors," said Solymos.

The aim of the project is to analyze the possible scenarios of Slovakia's low-carbon development in the medium and long terms via macroeconomic and energy models that are in line with the goals of the EU climate-energy framework.

The total cost of the project is 589,000 euros (624,000 U.S. dollars), which will be covered by the state budget. Endit