The power sector accounts for a quarter of global greenhouse gas emissions. 

To meet the goals of the Paris Agreement, the world needs to move away from coal and towards clean power about five times faster than at present.

Leaders at COP26 are working on plans to accelerate a global transition from coal to clean power that benefits jobs, workers and communities. 

EU Commissioner for Energy Kadri Simson hosted an COP26 event on the special EU Energy Day and stressed: The top priority of this E. Commission is to deliver the European Green Deal – reducing our emissions by 55% in the coming decade and making Europe climate-neutral by 2050. But Europe cannot fight climate change alone. We must support a global clean energy transition. At COP26 in Glasgow, we are working with partners from all over the world to address the key challenges, share best practices and learn from each other.”

Greece is doing its part.

According to the new legal framework prepared by the Greek ministry of Environment and Energy, the national quantitative targets for reducing greenhouse gas emissions foresees a reduction by 55% by 2030 (compared to 1990 levels) and by 80% until 2040, with the ultimate goal of achieving net zero by 2050.

The ministry  has set five key policy axes:

  • De – carbonisation
  • Renewable Energy Sources
  • Interconnections- network modernization
  • Electromobility
  • Energy upgrade

To achieve these goals five-year coal sectoral budgets will be prepared for:

-Electricity and heat production.
-Agriculture and livestock farming
-Waste management
-Land use and forestry.

Financial incentives for investment and business activities will be provided to contribute to the reduction of air pollution.

The Greek government is also working on:

  • simplifying RES licensing
  • introducing a licensing framework for power storage stations
  • developing offshore Wind Farms.

Furthermore, the Greek National Circular Economy Action Plan includes 71 actions in line with the objectives and commitments of the revised action plan for the EU circular economy. All new legislative developments in Greece are taken into account, such as the new law on waste management, alternative waste management, disposable plastics and the National Waste Prevention Program.

The new law will be put out for public consultation in the coming weeks.