Time is running out — for all of us. Greeks are witnessing this firsthand.
This summer, our country simply burned. Together, we saw the dramatic and devastating effects of global warming, with record-breaking and sustained temperatures above 40 degrees, day after day after day. What followed was an unprecedented environmental catastrophe, with forest fires that swept away precious ecosystems in just a matter of days.
This is not climate change in action, it is a climate crisis in action — a never-before-seen threat to our way of life and our children’s future. And to combat it, we must think big, act fast and lead by example. For if we have the courage to collaborate — at pace, at scale, and starting now — overcoming the financial hurdles, we can salvage opportunity from this crisis.
Greece is a mid-sized European country, a maritime power with 20 percent of the global shipping fleet and a tourism hotspot. We could, of course, just sit back and wait for the big polluters to act — after all, our carbon emissions are comparatively small. But we will not. Even smaller countries like Greece can have a big impact on the world’s global green transition.
Along with eight other EU member countries — Portugal, Spain, France, Italy, Croatia, Cyprus, Malta and Slovenia — Greece recently adopted the Athens Declaration, focused on climate mitigation across the Mediterranean. We have also created a Climate Crisis Ministry and are implementing a 6+1 climate program across Greece: Six initiatives — on shipping, tourism, renewables, decarbonization, green energy interconnection and ecosystems — underpinned by one all-encompassing climate law that will be ratified later this week.
The green transition is, however, a capital-intensive transformation. Greece has thus far succeeded in mobilizing considerable EU funding for climate change mitigation. But it is not enough.
Europe needs more innovative approaches to funding and fundraising at a scale that matches our collective endeavors. If the pandemic taught us anything, it is that when the need is acute, we can finance research and innovation at scale and with incredible results.
Therefore, we must work to support smart infrastructure that is interoperable across borders and is transparent, accessible and consistent with a level playing field when it comes to competition.
Bringing ideas and experiments to life only works when the private sector, governments and investors collaborate. So we must unlock barriers to deploy capital internationally, positively anticipating and supporting the future markets for and the ideas behind green technology and alternative fuels.
This means investment in renewables like offshore wind and R&D projects like the EU’s new research institute for sustainable shipping — where we are supporting the incubation of green tech ideas to cut shipping’s future carbon footprint — and those on the islands of Astypalea and Halki, where we are building 100 percent green and energy-autonomous sustainable tourism destinations with help from Volkswagen and Citroën.
If we can work together, we can build the green industrial revolution of the future. We can engage our citizens and our businesses in the benefits of the green transition.
It is time that we see that halting this crisis is not a cost-increasing burden that compromises economic growth. It is the opposite — a green technology revolution with enormous wealth-generating power and redistributive potential.
Latest News
DM Dendias: We talk With Turkey But We Always Bring Up Their Unacceptable Positions
Second and last day of closely watched conference, entitled 'Metapolitefsi 1974-2024: 50 Years of Greek Foreign Policy', also included appearances by PM Mitsotakis, Ex-PM Tsipras and PASOK leader Nikos Androulakis, among others
Rhodes Airport Tops Fraport Greece’s Regional Airports in 2024 Performance
According to Fraport's data, more than 35 million passengers (specifically 35.2 million) were handled by Fraport-managed airports during the 11 months.
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.