New direction in Greece’s energy policy – Towards a more realistic green transition from now on

An important turn takes place in climate and its. From its strong ambition to date, it is now going into a phase of realism based on the lessons of the energy crisis, the tight fiscal environment and the risk of derailment at an economic level. In the first place, Greece’s new policy was shown with the “no” that the government said in the Commission proposal for a 90% reduction in pollutants by 2040. Minister PEN, Theodore Skylakakis sent last week the message that policy will now be determined in a cost-oriented manner. Those technologies will be preferred which are more mature and bring the highest value to the domestic economy. “Better to set realistic goals and achieve them than goals that you will then overturn at a huge cost of credibility and investment,” as the minister put it. A positive example is electric drive, as it reduces oil consumption and automatically increases the country’s GDP. This is why subsidies in this area consider the government to “take place” as opposed to immature technologies where things are different. The second example is investments in international connections and offshore wind farms, since they can produce value in many ways. At the same time, Greece claims higher support from the EU. to address the effects of climate change, since it considers that it is lagging behind in this area. The aim is for the country to be able to protect itself against extreme phenomena such as those that have hit it in recent years. Finally, Mr. Skylakakis made sure to put a brake on the expectations of a number of individual issues. He said that the electricity offered to farmers for the implementation of RES projects is not unlimited, as it must meet the other needs of the economy. Accordingly, in RES the State must have a guiding role with stability and visibility. He cannot be a guarantor of investment, as has been the case so far.