Greece eyes €44b in investment in switch to cleaner energy | Malay Mail

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ATHENS, Nov 28 — Greece hopes to generate investment worth about €44 billion (RM202.2 billion) over the next decade on projects to reduce its dependence on fossil fuels, authorities said yesterday. A gameplan approved by the cabinet yesterday showed Greece will try to reduce its carbon...

Greenpeace activists block the entrance of the Hellenic Petroleum refineries in Aspropyrgos near Athens, Greece November 21, 2019. — Reuters pic

A gameplan approved by the cabinet yesterday showed Greece will try to reduce its carbon footprint by more than 55 per cent by 2030 compared with 2005, and would close down all its coal-fired power plants in the next eight years. Athens expects this investment to consist largely of government spending, combined with European Union funds and foreign investment.“Climate change is here and we are living with the consequences on a daily basis,” Environment and Energy Minister Kostis Hatzidakis told journalists.

 

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