The need to accelerate the energy transition, but in realistic terms, was pointed out by the Minister of Environment and Energy, Costas Skrekas, speaking today at a BSE event on “Climate targets and maintaining the competitiveness of companies”.
“In the current state of liquidity and the successive crises, we must not lose sight of the goal of protecting the planet from the climate crisis. The government remains fully committed to the green transition which is the only solution to what we are experiencing today. “A few years ago, if RES participated today by 60-70% in electricity generation, which is the goal for 2030, today we would have much lower energy prices,” said the minister. He added, however, that technologies that are not on a scale of implementation involve bad debts during the transition period, so realism is needed, while referring to the measures taken by the government for the energy crisis, he underlined the subsidies of over 2 billion, which have been given so far. , the incentives for “green” energy in industry and the simplification of the licensing of RES with a bill that aims to reduce the duration of the process, from 5 years to 14 months.
The President of the BSE Council for Sustainable Development, Andreas Siamisis stressed that in order for growth to be sustainable, it must be balanced, that is, it must take into account both climate performance and economic growth. “The Greek economy is facing neighbors who do not belong to the EU and do not have the same sensitivity to climate change. We must take this into account in the policies that will be followed,” he noted.
The event presented an IOBE study on the effects of the revised European climate policy on Greek industry and economy with emphasis on the Carbon Border Adjustment Regulation promoted to protect the internal market from imports of products from countries that do not burden production with carbon tax. As the gradual abolition of the free allocation of carbon emissions is promoted at the same time, there is a significant burden for businesses, which according to the study is escalating from 197 million euros in 2023 to 1.1-1.3 billion in 2035, with an impact on competitiveness, exports and employment.
MEP Maria Spyraki noted that “With the reform of the Emissions Trading Scheme (ETS) and the proposal for the Carbon Border Adjustment Mechanism (CBAM), the European Union is taking drastic measures to reduce the carbon footprint of the industry.” The international environment is changing rapidly and the Union is called upon to ensure its energy autonomy without compromising its competitiveness. “Investments, jobs and the next day of the European Union will be jeopardized.”
MEP Petros Kokkalis stressed that “the creation of a carbon mechanism at the Union’s borders will enhance its credibility and legitimacy, in the fight against climate change and in the protection of its jobs and industry. We have a unique opportunity created by “A link between real climate protection, the fight against unfair competition and climate dumping, and low-carbon industrial innovation. This momentum can help re-industrialize Europe and create the jobs of tomorrow.”
SOURCE: AMPE
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
