Baltic Assembly participates in the Cleantech for Baltics coalition meeting

On 17 April 2024, Member of the Security and Defence Committee of the Baltic Assembly Meelis Kiili participated digitally in the Cleantech for Baltics coalition meeting.

Cleantech for Baltics is a unique pan-Baltic think-tank for accelerated cleantech innovation and funding in sustainable technologies. Their goal is to strengthen the region by streamlining available opportunities and enabling stakeholders to mobilise finance, policies and demand to accelerate innovation. Thus, the meeting gathered cleantech industry stakeholders including scaleups, investors and ecosystem players from Lithuania, Latvia and Estonia to discuss the most important issues and opportunities for the cleantech sector in the Baltics.

Member of the Security and Defence Committee Meelis Kiili addressed the participants by highlighting the support of the Baltic Assembly for developing and financing clean technology growth in the Baltic States. “This year, one of the top priorities of the Baltic Assembly is joint renewable energy and recycling projects. During our meetings, we have encouraged the creation of a common Baltic strategy for secure, competitive, and sustainable energy in the region. This strategy should include such energy sources as hydrogen or offshore and onshore wind. We believe that, given the geopolitical situation in the region, embracing cleantech solutions can also strengthen our sovereignty and resilience,” he informed.

It was concluded that while the investment trends in the Baltics for the cleantech sector are outstanding, it is necessary to continue amping up the cleantech development as such solutions provide a lot of added benefits – for example, making the solutions environmentally friendly and cost-effective, which can also promote economic growth and innovation. Importantly, the cleantech solutions align with the long-term interests of the Baltic States, as they offer not only environmental, economic, and social benefits that are necessary for a more sustainable future but also encourage energy security by reducing dependence on foreign energy sources and allowing for a diversification of resources.