Low-carbon economy

PPC‘s management continues to surprise with its new ventures. As stated yesterday to analysts by Chairman and CEO Mr.

China is building almost twice as much wind and solar energy capacity as every other country combined, research published on Thursday showed.

The world's second-largest economy is the biggest emitter of the greenhouse gases that drive climate change.

China has committed to bring carbon emissions to a peak by 2030 and to net zero by 2060.

The Ministry of Environment and Energy is considering increasing the fee paid by consumers through electricity bills toward renewable energy sources (ETMEAR) in order to deal with the deficit of the Special RES Account (ELAPE) before the situation is completely derailed.

Australia unveiled plans Thursday to keep burning natural gas beyond 2050, saying its reliance on the fossil fuel would not derail a pledge to reach net zero emissions in the next 30 years.

Resources minister Madeleine King said gas "will remain an important source of energy" in Australia, outraging environmental groups who branded the Future Gas Strategy a "climate disaster".

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.