The introduction of new criteria for the introduction into the Ministry of Development plans with emphasis on the division of green investment. As officials of the Ministry of Development comment to the APR, “it remains a goal to make Development Law a useful tool for the reindustrialisation of the Greek economy, which is a priority for the Government.” According to the information provided by the APRC, the axes on which a ‘lifting’ is planned in the Development Act concern support for the green transition, the processing of strategic and critical raw materials, the shipyards and the production of equipment for ships and vehicles, food processing and textiles. Investments in environmental upgrading and strengthening corporate social responsibility, from energy and agriculture to tourism and shipping are a priority for the business community in order to adapt to climate change requirements. Therefore, as the Ministry’s executives comment on the RES-SME, “the introduction of new, fair and objective criteria targeting the adoption of high ESG conditions and the motivation of business mergers is a key orientation”. In this context, the critical areas planned to be highlighted in the future by their grant to Development Law are – in terms of production – to support the green transition: the production of energy storage systems, the production of photovoltaic panels or equipment from which they consist, the production of wind turbines or equipment from which they consist, the production of carbon capture equipment, the production of carbon capture technology products, the production of recycling machinery and the production of plastic raw materials through chemical recycling technology. In addition, the processing sector of strategic and critical raw materials such as gallium, nickel, aluminium (mining, enrichment, refining), the shipbuilding sector and the shipbuilding industry in general as well as the manufacturing of equipment for ships and vehicles, food processing and textiles. With regard to the division, for inclusion in the Development Fund, the new assessment criteria for companies which are being processed, inter alia, relate to the following actions: Cooperation with research institutions/universities for research and innovation actions Occupation of patents of industrial property High extroversion index (export value) Published annual sustainability reports (ESG) Installation of enterprises in industrial parks (organized receptors) Mergers/ Acquisitions. Source: RES-AE
The Green Investment premium key axis of development law reform
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