Greece, Government has adopted the country’s first national Climate Protection Law

The legislation aims to address climate change, but also lower Greece’s reliance on fossil fuels, which was further exacerbated by Russian invasion of Ukraine.

With the ultimate goal to decarbonize the country’s economy under the EU’s 2050 climate objectives, the new law sets interim targets of cutting CO2 emissions by at least 55 % by 2030 from 1990 levels, and by 80 % by 2040.

As previously announced, the objectives are planned to be achieved by shutting down all of Greece’s coal-fired power generation capacity by 2028, encouraging emission-free transportation and prohibiting the use of crude oil to produce electricity on islands that are not connected to the mainland grid by 2030.

Meanwhile, the adoption of renewable energy will be promoted by a goal to make renewables account for up to 70 % of the final energy consumption by 2030. In line with the plan, a draft for easing the licensing process for renewable energy projects is in the works and huge investments are proposed for expanding the national power grid so as to accommodate the rising capacity.