The Government of Panama has launched its new Nationally Determined Contribution (NDC), under the Paris Agreement, in which the country unveils more ambitious climate targets. Panama is the first country to present its NDC 3.0, the third generation of NDCs due in 2025 under the Paris Agreement’s current ambition cycle. Panama’s NDC 3.0 significantly raises the country’s climate ambition, including 54 new and 9 revised commitments. The country now aims to eliminate coal-fired generation of the energy grid by 2026, to reach universal access to electricity by 2030, to install at least 1.7 GW of renewable energy capacity by 2030, and to reduce its final electricity consumption by 15% compared to the business-as-usual (BAU) scenario.
Panama also expects to incorporate to the national interconnected electricity system enough energy storage capacity to supply at least 5% of the total projected demand by 2030, to promote non-conventional renewable energy generation to achieve 20% of the country's energy consumption, and to locally produce 500 kt of H2V and/or derivatives, focusing on achieving net-negative emissions by 2050.