Low-carbon economy

It encourages the use of renewable energy sources in the household sector with easier repayment – Read the annual energy savings and the payback period

EU Energy Commissioner Kadri Simson stated that by the conclusion of the previous month, gas reserves across the EU had reached a historical peak for this time of year, standing at 58% capacity.

The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria. This acquisition forms part of a broader project aimed at developing 90 installations with a combined capacity of up to 2,000 megawatts across Italy, Bulgaria, Croatia, and Romania.

With the aim to bolster renewable energy infrastructure, the European Commission has greenlit funding of 1 billion euros for two key projects in Greece, as reported by the Greek newspaper Kathimerini.

A major European Union plan to fight climate change and better protect nature in the 27-nation bloc has been indefinitely postponed, underscoring how farmers' protests sweeping the continent influence politics ahead of the June EU parliamentary elections.

The Recovery and Resilience Plan is the "most ambitious program the European Union has ever conceived of planning and implementing," Environment and Energy Minister Thodoros Skylakakis said on Thursday, expressing satisfaction with the progress in its implementation and the loans envisioned under RepowerEU.

The Ministry of Environment and Energy is opening the way to reduce energy costs for vulnerable households, local authorities, municipal water supply and sewerage companies etc with a legislative regulation for the implementation of the Apollo program.

In 2022, renewable energy sources (RES) made up 41.2% of gross electricity consumption in the EU, Eurostat said on Wednesday.

At the forefront is an increased discount on electricity – A more comprehensive intervention for agricultural diesel is also being considered from 2025 onwards

The EU plans to be carbon neutral by 2050, but to get there it needs to pass two decadal milestones - each implying massive adaptation by industry and consumers.

The first of those has already been set: achieving at least a 55 percent reduction in greenhouse gas emissions by 2030, compared with a 1990 baseline.