In 2018, Luxembourg’s economy was ranked 72nd in the world in gross domestic product (GDP). The country’s economy is dependent on banking and manufacturing of machinery, computers, steel, plastic products, and aluminum.
In 2016, the European Union (EU) signed the Paris Climate Agreement and committed to a 40% reduction in greenhouse gas emission by 2030 compared to 1990 levels. As a member of the EU, Luxembourg is committed to the Paris Climate Agreement.
Luxembourg is also committed to the EU’s “Renewable Energy Directive,” which requires each country to use renewable energy for 20% of its total energy needs by 2020 and 27% by 2030. As a country, Luxembourg has set the goal to be net-zero greenhouse gas emissions by 2050.
In 2019, the state-owned electric utility, Creos Luxembourg S.A. used renewable energy (90.5%) and natural gas (9.5%) to generate electricity in the country. Hydropower, biomass, wind, and solar are the primary sources of renewable energy in Luxembourg.
Luxembourg‘s Ministry of Energy and Spatial Planning (MEA) has recently initiated the country’s third tender for solar photovoltaic (PV) projects with a total capacity of 40 MW. The current tender is for rooftop solar array systems from 500 kW to 5 MW for buildings and commercial projects.
Luxembourg is nearing the goal of generating 100% of the country’s electricity from renewable energy. The government is continuing to invest wisely in renewable energy and also in projects to electrify the transportation sector.
Website – “Our Energy Conundrum”
 Luxembourg – The World Bank Group
 Gross Domestic Product 2019 – World Bank DataBank
 Carbon Brief “Paris 2015: Tracking Country Climate Pledges”
 International Energy Agency – Luxembourg Electricity 2018