Climate change policy

With €16.13 billion already allocated through the Recovery and Resilience Fund (RDF), the list of the top 100 recipients reveals the priorities of the Greek economy. These funds target sustainable growth, innovation and digital transition, strengthening key sectors.

View the list

Italgas, which two years ago acquired DEPA Infrastructure and renamed Greece's gas grid company Enaon, announced this week it is preparing a total investment of 1 billion euros in Greece as part of the group's 2024-2030 Strategic Plan.

Türkiye has outlined its plans for renewable energy capacity expansion and clean energy transformation by 2035 to investors at a meeting in London, which marked the start of the Presidential Investment Office's Europe tour, with upcoming stops in France, the Netherlands and Germany.

Greece this week signed a clean energy deal with the EU in a bid to fast-track the green transition on its fragile islands threatened by overtourism and climate change.

Azerbaijan and Türkiye will take steps to strengthen their cooperation in green energy, the former's energy minister told state-run Anadolu at the U.N. climate change conference COP29 being held in Baku.

The Environment and Energy Ministry's leadership underlined on Monday the need to improve the efficiency of energy conservation programs in order to achieve the ambitious energy planning goals with the funds available, at the Green Deal 2024 conference organized by the Technical Chamber of Greece.

Eurobank announced on Wednesday it had successfully completed the pricing of 850-million-euro Green Senior Preferred Notes.

The notes are expected to be assigned an investment grade rating of Baa2 from Moody's, following the bank's recent upgrade to investment grade from the same agency.

The cost of carbon dioxide emissions into the atmosphere is set to be decoupled from gas prices in the European Union, marking a historic shift in the dynamic between the two markets, according to the head of natural resources research for the EMEA region at Goldman Sachs Group Inc.

As high temperatures drive up energy demand in Cyprus, the island remains heavily reliant on oil for electricity production. This dependency places Cyprus at the bottom of the European Union's decarbonization efforts, in stark contrast to the energy policies and carbon footprints of other European nations.

BELGRADE - Minister of Mining and Energy Dubravka Djedovic Handanovic announced on Thursday the Serbian government had adopted an integrated energy and climate plan under which 45 pct of the country's electricity should come from renewable energy sources by 2030.