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This month’s top news from naftikachronika.gr




          ON THE



















          GREEK PRIME MINISTER            posal, as the forecasts for a possible
          MITSOTAKIS COMMITS TO 21        increase in the price of rights in the
          INITIATIVES TO PROTECT          next two years or the additional invest-
          THE SEAS                        ments that will be mobilised have not
          During this year's international confer-  been taken into account. Therefore, it
          ence “Our Ocean Conference", which   is likely that more money will flow into
          was hosted in Athens from 15 to 17   Greece.
          April, Prime Minister Kyriakos Mitso-  According to the same sources, the
          takis announced the establishment of   implementation horizon of the pro-
          a new special fund for the weaning of   jects that will be selected is 2032,
          the Greek islands from fossil fuels and   while in the ranks of the government,
          the development of renewable energy   there is a feeling that the new financial
          sources to cover their needs.   instrument will strengthen the GR-eco
          The Prime Minister said that the funds   Islands Initiative so that it can expand
          would come from the rights of the   with steady steps beyond the success-
          EU Emissions Trading Scheme and,   ful pilot projects in Halki and Astyp-
          depending on the fluctuations in the   alaia. It is worth noting that Poros is
          price of the auctioned allowances, it   the third island that has joined the
          is estimated that they could reach €2   Green Islands initiative.
          billion.
          According to Kyriakos Mitsotakis, the   The 21 Ocean commitments
          funds will be allocated primarily to   In the framework of this year’s 9th
          projects “connecting Greek islands to   “Our Ocean Conference", Greece, this
          the mainland grid, energy storage, and   year’s organiser, made 21 commit-
          renewable energy sources, including   ments amounting to €780 million to
          offshore wind energy and the con-  protect and sustainably use the oceans
          struction of multi-purpose water res-  and seas.
          ervoirs”.                       The first commitment foresees the
          Government sources said the agree-  creation of two more large marine
          ment to finance the new decarbonisa-  national parks, one in the Aegean and
          tion fund through the Emissions Trad-  one in the Ionian, with an emphasis
          ing Scheme was concluded recently   on protecting marine mammals, wild
          after government negotiations with   birds, and sea turtles. As Kyriakos
          the European Commission and the   Mitsotakis said, in this way, “Greece
          European Investment Bank.       will increase the area of its marine
          The  same  sources  noted  that  the   protected areas by 80%, covering
          amount of €2 billion mentioned by Mr   about 1/3 of Greece’s territorial marine
          Mitsotakis is a moderate estimate of   waters”.
          the funds Greece will have at its dis-  The Greek Prime Minister added,


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