JOURNAL ARTICLE

Greece Eyes €1.6 Billion From CO2 Permits to Clean Islands.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Tugwell, Paul 3 of 3

Abstract

Greece plans to generate €1.6 billion from selling emission allowances to clean up tourist islands like Rhodes and Mykonos. The funds will be used to establish the Greek Island Decarbonization Fund, with investments in renewables, energy storage, grid interconnections, and infrastructure for electric vehicles and ships. The initiative aims to reduce reliance on fossil fuels, lower power costs, and address environmental challenges exacerbated by climate change. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/11, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2024
  • Accession Number:181073521
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