October 11, 2024 13:36 GMT
RENEWABLES: Greece Ups Renewable Target to 82% by 2030 In Revised NECP
RENEWABLES
Greece is targeting 82% renewable electricity by 2030 in its revised NECP, up from 66% in its 2019 plan, however, the proposal must be approved by the EU, Energy and Environment Minister Theodore Skylakakis presented at a conference today, cited by Reuters.
- Additionally, Greece is aiming to cut emissions by 58.6% by 2030, surpassing its 2019 target of 43%. Climate neutrality is expected by 2050.
- The new proposal requires €95bn of investment by 2030, including policies to allow for more energy-efficient buildings and installations of storage, PV and wind farms.
- Greece has doubled its renewable output since 2014, reducing coal reliance.
- The plan aligns with EU goals to reduce greenhouse gas emissions by at least 55% by 2030.
- The total investment by 2050 is estimated at €330bn.
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