Renewable energies and energy efficiency

Project description

Title: Technical Support for Clean Energy Investments in Greece
Commissioned by: German Federal Ministry for Economic Affairs and Energy (BMWi)
Country: Greece
Lead executing agency: Greek Ministry of Environment and Energy (YPEN)
Overall term: 2019 to 2021

Greece. Solar photovoltaic system in northern Greece. © GIZ

Context

Greece has set ambitious targets for rolling out renewable energy and improving energy efficiency by 2020 and 2030. By 2030, renewable energies are to account for 35 per cent of energy consumption and overall consumption is to be reduced by 38 per cent. In order to achieve these targets, much greater investment in renewable energy and energy efficiency is planned in the coming years. However, to achieve this, the country must improve the framework conditions for the energy sector, especially regarding new and innovative energy technologies.

The European Commission has been supporting reforms in various areas in Greece since 2011. Coordinated by the Structural Reform Support Service, EU member states provide the Greek Government with technical expertise. As a strategic partner of Greece, the German Government is committed to renewable energy and energy efficiency.

Objective

The framework conditions for further developing renewable energy and energy efficiency in Greece and for achieving the national targets for 2020 and 2030 have improved.

Approach

The project advises the Greek Ministry for Environment and Energy (YPEN) on preparing and implementing the necessary reforms. The project is assisting in developing a long-term energy and climate strategy by 2050.

It advises Greek decision-makers on improving the conditions for investing in clean energy technologies. The Greek Energy and Climate Plan aims to mobilise the investment of more than EUR 20 billion in renewable energy and energy efficiency by 2030.

The project is promoting use of renewable energy in the Greek transport sector. It also provides support in integrating clean and intelligent energy technologies into building and urban planning. An element of this involves transposing the relevant requirements of EU directives into Greek law.

The project identifies existing barriers, and provides relevant lessons learned and examples of good practice from other EU member states. It develops recommendations for further developing clean energy technologies in Greece. The support is designed to strengthen the competencies of the Ministry of Energy and other stakeholders. The project is implemented with the involvement of all the relevant stakeholders in the Greek energy sector.

Rolling out renewable energy and increasing energy efficiency in Greece are intended to assist the country’s economic recovery. New and sustainable jobs will be created as a result. At the same time, costs will decrease for energy consumers. This promotes the competitiveness of the Greek economy. Investment in renewable energy and energy efficiency reduces the country’s dependence on importing energy and thus improves national energy security. The project is helping to reduce fossil fuel consumption and thus protect the environment and the climate.

The project has been commissioned by the German Federal Ministry for Economic Affairs and Energy (BMWi), and it is co-financed by the European Commission.

Results

The project builds on the results achieved in previous project phases.

  • Under a new promotion scheme, plants for generating electricity from renewable energy have been installed. This has already made it possible to save over 4 million tonnes of CO2.
  • Rolling out renewable energy and energy efficiency has made a significant contribution to Greece’s economic recovery. New and sustainable jobs have been created. Energy efficiency measures have reduced costs for many Greek energy consumers. This has also strengthened the competitiveness of the Greek economy.
  • By investing in renewable energies and energy efficiency, Greece is becoming increasingly independent of energy imports. The national energy supply has thus become more secure.ing the economy more competitive. Investments in renewables and energy efficiency reduce the country's dependence on energy imports, thereby increasing its energy security. Reducing the consumption of fossil fuels contributes to environmental protection and climate change mitigation.