How Europe’s Poorest Country Could Win the Green Energy Race

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Moldova is one of the least energy self-sufficient countries on Earth, but that could drastically change.

is owed by Chişinău via Moldovagaz, although President Maia Sandu announced on Sept. 3 that a Moldovan government audit found no legitimate debts. The ensuing litigation is likely to be long and costly.

That proverbial little boat is also being outfitted with a massive motor in the form of ample foreign aid. In 2022, over $1 billion was pledged to Chişinău,the U.S. and E.U. The U.S., for example, gave over $100 million in 2022, of which $40.5 million was energy-related funding and another $30 million was budget support “to help ameliorate the energy crisis.” The assistance has continued to pour in this year. In February, the U.S.an additional $300 million in energy support for Moldova.

To do this, Moldova will need an estimated investment of $1 billion per year. That is, of course, what it is now getting, albeit with the restrictions and conditionalities incumbent with foreign aid. But with assistance, supply chains, expertise, and especially private investment from the West, Moldova—including Transnistria—could be successfully pried from Russia’s grasp all while the cause of decarbonization is advanced.

 

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