
“Greece will not be able to afford to pay the cost of climate change,” said Minister of Climate Crisis and Civil Protection Christos Stylianidis, speaking to the OT Forum.
“We have a climate crisis,” he said, stressing that the issue is to reduce the effects of fires.
In fact, he referred to the logic of home self-insurance, citing the Portuguese model as an example. In some countries, the percentage of home insurance is 70% to 80%, he said, emphasizing that in Greece it is 15%.
Asked about the extreme weather phenomena that affect Greece and whether the country is prepared, he said “there are no magic solutions”, assuring that we will be better prepared.
Greece is already in talks for the supply of 12 to 13 aircraft, while as regards the Russian fire-fighting Beriev aircraft he said that with these conditions we can not continue renting it.
He pointed out that aircraft are complementary to our firefighters, emphasizing that there is a low morale among firefighters, as there is a criminalization of their work. “We should give them the recognition they deserve. In other countries they are considered heroes,” said Mr. Stylianidis.
Referring to the humanitarian crisis, he described it as unprecedented, saying that even with the events in Syria, we did not have such a refugee flow. He estimated that Greece will not have a large migration flow, but pointed out that we can secure as a country the share of labor we want.
Mr. Stylianidis also stressed that “I hear different voices in Greece, some of them alienate me, I would like the percentages condemning the invasion to be similar to those of other European countries. You can not equate any shortcomings of the West with a war, a barbarity,” he said characteristically.
Green transition
“The fuel for the bridge is the natural gas we need for the green transition,” he said, adding that on the occasion of the Russian invasion of Ukraine, “we need to speed up the process of the green transition.’
In fact, he characterized the recent agreements of Greece in Saudi Arabia on green hydrogen as particularly important.
He clarified, finally, that we do not discuss the issue of lignite as he said “their cost is frightening for companies like PPC”.


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)