Time is running out — for all of us. Greeks are witnessing this firsthand.
This summer, our country simply burned. Together, we saw the dramatic and devastating effects of global warming, with record-breaking and sustained temperatures above 40 degrees, day after day after day. What followed was an unprecedented environmental catastrophe, with forest fires that swept away precious ecosystems in just a matter of days.
This is not climate change in action, it is a climate crisis in action — a never-before-seen threat to our way of life and our children’s future. And to combat it, we must think big, act fast and lead by example. For if we have the courage to collaborate — at pace, at scale, and starting now — overcoming the financial hurdles, we can salvage opportunity from this crisis.
Greece is a mid-sized European country, a maritime power with 20 percent of the global shipping fleet and a tourism hotspot. We could, of course, just sit back and wait for the big polluters to act — after all, our carbon emissions are comparatively small. But we will not. Even smaller countries like Greece can have a big impact on the world’s global green transition.
Along with eight other EU member countries — Portugal, Spain, France, Italy, Croatia, Cyprus, Malta and Slovenia — Greece recently adopted the Athens Declaration, focused on climate mitigation across the Mediterranean. We have also created a Climate Crisis Ministry and are implementing a 6+1 climate program across Greece: Six initiatives — on shipping, tourism, renewables, decarbonization, green energy interconnection and ecosystems — underpinned by one all-encompassing climate law that will be ratified later this week.
The green transition is, however, a capital-intensive transformation. Greece has thus far succeeded in mobilizing considerable EU funding for climate change mitigation. But it is not enough.
Europe needs more innovative approaches to funding and fundraising at a scale that matches our collective endeavors. If the pandemic taught us anything, it is that when the need is acute, we can finance research and innovation at scale and with incredible results.
Therefore, we must work to support smart infrastructure that is interoperable across borders and is transparent, accessible and consistent with a level playing field when it comes to competition.
Bringing ideas and experiments to life only works when the private sector, governments and investors collaborate. So we must unlock barriers to deploy capital internationally, positively anticipating and supporting the future markets for and the ideas behind green technology and alternative fuels.
This means investment in renewables like offshore wind and R&D projects like the EU’s new research institute for sustainable shipping — where we are supporting the incubation of green tech ideas to cut shipping’s future carbon footprint — and those on the islands of Astypalea and Halki, where we are building 100 percent green and energy-autonomous sustainable tourism destinations with help from Volkswagen and Citroën.
If we can work together, we can build the green industrial revolution of the future. We can engage our citizens and our businesses in the benefits of the green transition.
It is time that we see that halting this crisis is not a cost-increasing burden that compromises economic growth. It is the opposite — a green technology revolution with enormous wealth-generating power and redistributive potential.
Latest News
RES: Large Companies Buying PPAs in Greece
Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.
School Closures, Ships Docked Amid Bad Weather in Greece
Severe weather in Greece causes school closures and sailing bans. Strong winds, snowfall, and icy conditions disrupt daily life and travel on Tuesday.
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.