An investment worth about $49 billion (44 billion euros) will be generated by the Southeast European country over the next decade on projects to reduce its dependence on fossil fuels.
Greece’s carbon footprint will be reduced by more than 55 percent by 2030. In the next eight years, the country would close down all its coal-fired power plants. By then, at least 35 percent of energy consumption accounted for solar, wind, and hydroelectric power.
Other investments include recycling projects and natural gas networks.
Combined with European Union funds and foreign investment, Greece expects this investment to consist largely of government spending.
Athens’ imports of oil and gas are more than 65 percent of total energy consumption. To help tackle natural disasters from climate change, the country will invest about 2 billion euros in the next 10 years.
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Published on November 29, 2019 5:43 PM (GMT+8)Last Updated on December 30, 2019 7:09 PM (GMT+8)
