Libya, a member of OPEC, holds one of the world’s largest crude oil reserves, and is an important natural gas and oil exporter to the world. However, Libya’s fossil fuel sector has been severely hit by the civil war since 2011 and has as of yet not fully recuperated. With oil and gas accounting for 96% of total government revenue, Libya’s economy is heavily dependent on its fossil fuel sector. Total primary energy consumption and installed energy capacity in Libya is 100% based on fossil fuels. Still, domestic electricity demand is outpacing capacity expansion, which is leading to increasing blackouts.
The Libyan government is making efforts to diversify its energy mix and to harness the country’s solar and wind potential. By 2030, Libya aims for 22% of electricity generation to come from renewable energy. Libya is also in the process of implementing its NEEAP.
Libya is a RCREEE member state since 2008.