Greece’s new energy challenge

Besides its aging population, Greece's assets are also showing signs of wear and tear. The European Parliament voted this month to impose a carbon tax on both housing and transport, but statistics point to a very serious problem in the deterioration of the quality of property and vehicles in this country.

The 2021 housing census that is expected to be published by the Hellenic Statistical Authority (ELSTAT) will show that less than 7% of properties were built prior to 2005 (i.e. 18 years old), while the newest data on the age of vehicles - which concern 2021 - raise the average age to 17 years, which is also the worst performance in Europe.

These facts make it even more difficult for the country to adapt to the new reality that the European Union wants to introduce. In order to curb greenhouse gas emissions, the framework voted by the European Parliament calls for a...