What is Greece's New Climate Plan?

(Source: Reuters) Greece has unveiled a revised climate plan with ambitious renewable energy targets, aiming for 82% of electricity generation from solar and wind power by 2030. This plan exceeds previous goals and supports the EU's effort to cut greenhouse gas emissions by at least 55%.

Will Greece double its green energy capacity by 2030?

Using IPTO data, The Green Tank finds that renewables - excluding large hydro sources - surpassed all other energy sources, leaving fossil gas in second place as it decreased slightly for the first time since 2018. Greece aims to more than double its green energy capacity to account for at least 70 per cent of its energy mix by 2030.

Is Greece overshot its targets for renewables?

"As we speak, the country has overshot its targets for the penetration of renewables as well as for cutting greenhouse emissions," Greek Energy and Environment Minister Theodore Skylakakis said at a news conference to present the plan.

How much will Greece invest in a new climate plan?

By 2050, total investment is projected to reach €330 billion ($363 billion), supporting the nation’s long-term goal of climate neutrality. The revised plan also increases Greece’s emissions reduction target to 58.6% by 2030, significantly higher than the 43% reduction set in the 2019 plan.

Does Greece have a 'clean' electricity system?

The Greek electrical system has hit a new milestone, after running completely on "clean" renewable energy for the first time. Renewable energy sources covered Greece's electricity demands for about five hours last Friday, the Independent Power Transmission Operator, or IPTO, said.

What is Greece's solar energy plan?

The idea is to build Greece’s incomplete infrastructure to cycle more solar and wind power through the national grid. Greece aims to produce 60 percent of its power from renewable energy sources by 2030 and be climate neutral by 2050.